Canada Pension Plan Investment Board trimmed its position in Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 87.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,035 shares of the basic materials company’s stock after selling 163,165 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Tahoe Resources were worth $126,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. High Pointe Capital Management LLC bought a new position in Tahoe Resources in the 2nd quarter worth approximately $106,000. Blair William & Co. IL boosted its stake in Tahoe Resources by 46.1% in the 2nd quarter. Blair William & Co. IL now owns 19,875 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 6,275 shares during the period. Fore Research & Management LP bought a new position in Tahoe Resources in the 2nd quarter worth approximately $172,000. Aperio Group LLC boosted its stake in Tahoe Resources by 16.4% in the 2nd quarter. Aperio Group LLC now owns 20,686 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 2,916 shares during the period. Finally, M&T Bank Corp boosted its stake in 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 worth $184,000 after purchasing an additional 9,217 shares during the period. 61.96% of the stock is owned by institutional investors.

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

Tahoe Resources, Inc. (NYSE:TAHO) opened at $4.72 on Thursday. The company has a market capitalization of $1,416.88, a P/E ratio of 11.61, a PEG ratio of 2.75 and a beta of 0.42. 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 earnings results on Monday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $155.20 million for the quarter, compared to the consensus estimate of $127.12 million. Tahoe Resources had a net margin of 12.44% and a return on equity of 4.57%. The firm’s revenue was down 33.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. equities analysts expect that Tahoe Resources, Inc. will post 0.33 EPS for the current year.

About Tahoe Resources

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

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