Sentry Investment Management LLC Has $1.77 Million Holdings in Tahoe Resources Inc (TAHO)

Sentry Investment Management LLC raised its position in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 18.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 633,664 shares of the basic materials company’s stock after buying an additional 98,157 shares during the quarter. Sentry Investment Management LLC’s holdings in Tahoe Resources were worth $1,768,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TAHO. Nisa Investment Advisors LLC purchased a new stake in shares of Tahoe Resources during the 2nd quarter valued at $148,000. BNP Paribas Arbitrage SA raised its position in shares of Tahoe Resources by 54.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,467 shares of the basic materials company’s stock valued at $170,000 after buying an additional 12,148 shares in the last quarter. Bourgeon Capital Management LLC purchased a new stake in shares of Tahoe Resources during the 2nd quarter valued at $241,000. Cubist Systematic Strategies LLC raised its position in shares of Tahoe Resources by 284.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 52,269 shares of the basic materials company’s stock valued at $257,000 after buying an additional 38,671 shares in the last quarter. Finally, Nwam LLC raised its position in shares of Tahoe Resources by 56.4% during the 2nd quarter. Nwam LLC now owns 56,418 shares of the basic materials company’s stock valued at $278,000 after buying an additional 20,336 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

TAHO has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Tahoe Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. BMO Capital Markets decreased their target price on shares of Tahoe Resources from $8.50 to $7.50 and set an “outperform” rating on the stock in a research report on Monday, September 10th. Finally, Beacon Securities cut shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $7.50.

Shares of NYSE:TAHO opened at $2.31 on Friday. Tahoe Resources Inc has a 52 week low of $2.23 and a 52 week high of $5.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.97 and a quick ratio of 0.95.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its earnings results on Tuesday, November 6th. The basic materials company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $111.80 million for the quarter, compared to analysts’ expectations of $117.71 million. Tahoe Resources had a negative net margin of 46.41% and a negative return on equity of 2.27%. The firm’s revenue was down 28.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. On average, equities research analysts anticipate that Tahoe Resources Inc will post -0.12 earnings per share for the current year.

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Tahoe Resources Company Profile

Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.

See Also: Cost of Debt

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

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