Cubist Systematic Strategies LLC purchased a new stake in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 37,156 shares of the basic materials company’s stock, valued at approximately $196,000.
A number of other hedge funds have also added to or reduced their stakes in TAHO. Fore Research & Management LP acquired a new stake in shares of Tahoe Resources in the 2nd quarter valued at $172,000. M&T Bank Corp increased its stake in shares of Tahoe Resources by 77.0% in the 2nd quarter. M&T Bank Corp now owns 21,194 shares of the basic materials company’s stock valued at $184,000 after buying an additional 9,217 shares during the period. Schafer Cullen Capital Management Inc. acquired a new stake in shares of Tahoe Resources in the 2nd quarter valued at $195,000. Verition Fund Management LLC increased its stake in shares of Tahoe Resources by 133.3% in the 2nd quarter. Verition Fund Management LLC now owns 24,948 shares of the basic materials company’s stock valued at $215,000 after buying an additional 14,255 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Tahoe Resources by 58.5% in the 3rd quarter. Aperio Group LLC now owns 32,795 shares of the basic materials company’s stock valued at $173,000 after buying an additional 12,109 shares during the period. 64.41% of the stock is owned by hedge funds and other institutional investors.
Tahoe Resources Inc (TAHO) opened at $4.84 on Friday. Tahoe Resources Inc has a 12-month low of $4.15 and a 12-month high of $9.68. The stock has a market capitalization of $1,450.00, a price-to-earnings ratio of 15.61, a PEG ratio of 2.19 and a beta of 0.38.
Separately, BidaskClub cut 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, five have issued a hold rating and three have given a buy rating to the company. Tahoe Resources has a consensus rating of “Hold”.
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.
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