Tahoe Resources (TAHO) Stock Price Down 5.1%
Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) was down 5.1% during trading on Monday . The company traded as low as $4.64 and last traded at $4.67. Approximately 2,126,379 shares changed hands during trading, a decline of 25% from the average daily volume of 2,832,536 shares. The stock had previously closed at $4.92.
A number of equities research analysts have commented on TAHO shares. Credit Suisse Group raised Tahoe Resources from a “neutral” rating to an “outperform” rating in a report on Monday, September 11th. BidaskClub cut Tahoe Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets raised Tahoe Resources from a “market perform” rating to an “outperform” rating in a report on Monday, September 11th. One research 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. The stock has a consensus rating of “Hold” and an average target price of $11.00.
The stock has a market cap of $1,538.86, a PE ratio of 14.59, a P/E/G ratio of 2.19 and a beta of 0.37.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Tahoe Resources in the third quarter worth about $139,000. Cubist Systematic Strategies LLC bought a new stake in Tahoe Resources in the third quarter worth about $196,000. U S Global Investors Inc. lifted its stake in Tahoe Resources by 354.3% in the third quarter. U S Global Investors Inc. now owns 36,798 shares of the basic materials company’s stock worth $194,000 after purchasing an additional 28,698 shares during the last quarter. Jane Street Group LLC lifted its stake in Tahoe Resources by 36.8% in the third quarter. Jane Street Group LLC now owns 677,583 shares of the basic materials company’s stock worth $3,571,000 after purchasing an additional 182,264 shares during the last quarter. Finally, AMP Capital Investors Ltd bought a new stake in Tahoe Resources in the third quarter worth about $463,000. 64.41% of the stock is owned by institutional investors and hedge funds.
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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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