Two Sigma Securities LLC purchased a new position in shares of Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,671 shares of the basic materials company’s stock, valued at approximately $113,000.
Several other hedge funds also recently bought and sold shares of TAHO. Bourgeon Capital Management LLC acquired a new stake in shares of Tahoe Resources during the fourth quarter worth approximately $120,000. Tower Research Capital LLC TRC boosted its holdings in shares of Tahoe Resources by 454.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 27,127 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 22,234 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Tahoe Resources during the fourth quarter worth approximately $132,000. MANA Advisors LLC acquired a new stake in shares of Tahoe Resources during the fourth quarter worth approximately $136,000. Finally, Virtu Financial LLC acquired a new stake in shares of Tahoe Resources during the third quarter worth approximately $139,000. Institutional investors and hedge funds own 62.94% of the company’s stock.
Shares of Tahoe Resources stock opened at $4.83 on Thursday. The stock has a market cap of $1,463.79, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 3.47 and a beta of 0.25. Tahoe Resources Inc has a one year low of $3.76 and a one year high of $9.68.
TAHO has been the subject of several research reports. Zacks Investment Research cut shares of Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Credit Suisse Group cut shares of Tahoe Resources from an “outperform” rating to a “neutral” rating in a report on Friday, January 26th. Finally, ValuEngine cut shares of Tahoe Resources from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
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Tahoe Resources Company 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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