TD Asset Management Inc. Has $13.84 Million Stake in Tahoe Resources Inc (TAHO)

TD Asset Management Inc. lessened its position in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 46.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,637,738 shares of the basic materials company’s stock after selling 2,242,698 shares during the quarter. TD Asset Management Inc. owned 0.84% of Tahoe Resources worth $13,835,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TAHO. Teachers Advisors LLC lifted its holdings in shares of Tahoe Resources by 5.5% in the 1st quarter. Teachers Advisors LLC now owns 348,733 shares of the basic materials company’s stock worth $2,800,000 after acquiring an additional 18,125 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Tahoe Resources by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 6,180,220 shares of the basic materials company’s stock worth $49,627,000 after acquiring an additional 408,544 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tahoe Resources by 20.4% in the 1st quarter. Geode Capital Management LLC now owns 533,504 shares of the basic materials company’s stock worth $4,284,000 after acquiring an additional 90,508 shares during the last quarter. State Street Corp lifted its holdings in shares of Tahoe Resources by 12.7% in the 1st quarter. State Street Corp now owns 3,451,526 shares of the basic materials company’s stock worth $27,712,000 after acquiring an additional 389,794 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Tahoe Resources by 23.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 94,800 shares of the basic materials company’s stock worth $820,000 after acquiring an additional 18,300 shares during the last quarter. Hedge funds and other institutional investors own 64.44% of the company’s stock.

TAHO has been the topic of several recent analyst reports. ValuEngine downgraded shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets raised shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research note on Monday, September 11th. Credit Suisse Group raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research note on Monday, September 11th. Finally, BidaskClub downgraded shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Tahoe Resources Inc (TAHO) traded up $0.07 during mid-day trading on Friday, reaching $4.48. 1,712,555 shares of the company traded hands, compared to its average volume of 2,057,127. The stock has a market cap of $1,379.34, a P/E ratio of 11.31, a PEG ratio of 2.67 and a beta of 0.38. Tahoe Resources Inc has a 52 week low of $4.24 and a 52 week high of $11.43.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $127.12 million. Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. The company’s quarterly revenue was down 33.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. analysts expect that Tahoe Resources Inc will post 0.33 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “TD Asset Management Inc. Has $13.84 Million Stake in Tahoe Resources Inc (TAHO)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.com-unik.info/2017/12/02/td-asset-management-inc-has-13-84-million-stake-in-tahoe-resources-inc-taho.html.

Tahoe Resources Profile

Tahoe Resources Inc is a mine operations, and mineral exploration and development company. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. Its business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining operations located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining operations located in northeastern Ontario, Canada.

Want to see what other hedge funds are holding TAHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tahoe Resources Inc (NYSE:TAHO) (TSE:THO).

Institutional Ownership by Quarter for Tahoe Resources (NYSE:TAHO)

Receive News & Ratings for Tahoe Resources Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tahoe Resources Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit