Tahoe Resources Inc (TAHO) Shares Sold by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decreased its holdings in Tahoe Resources Inc (NYSE:TAHO) (TSE:THO) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,453,300 shares of the basic materials company’s stock after selling 124,900 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Tahoe Resources were worth $8,763,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TAHO. Schroder Investment Management Group lifted its stake in Tahoe Resources by 868.3% in the third quarter. Schroder Investment Management Group now owns 3,170,044 shares of the basic materials company’s stock worth $20,352,000 after acquiring an additional 2,842,653 shares during the period. Global X Management Co. LLC lifted its stake in Tahoe Resources by 86.0% in the fourth quarter. Global X Management Co. LLC now owns 4,305,069 shares of the basic materials company’s stock worth $20,719,000 after acquiring an additional 1,990,621 shares during the period. Russell Investments Group Ltd. lifted its stake in Tahoe Resources by 782.6% in the third quarter. Russell Investments Group Ltd. now owns 2,223,130 shares of the basic materials company’s stock worth $11,672,000 after acquiring an additional 1,971,259 shares during the period. Greywolf Capital Management LP lifted its stake in Tahoe Resources by 83.5% in the fourth quarter. Greywolf Capital Management LP now owns 4,000,000 shares of the basic materials company’s stock worth $19,160,000 after acquiring an additional 1,820,000 shares during the period. Finally, Mason Hill Advisors LLC lifted its stake in Tahoe Resources by 193.9% in the third quarter. Mason Hill Advisors LLC now owns 2,051,503 shares of the basic materials company’s stock worth $10,790,000 after acquiring an additional 1,353,544 shares during the period. 62.94% of the stock is owned by institutional investors.

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Tahoe Resources Inc (NYSE TAHO) opened at $4.76 on Friday. The company has a market capitalization of $1,510.71, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 3.58 and a beta of 0.25. Tahoe Resources Inc has a 52-week low of $3.76 and a 52-week high of $9.68.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The firm had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $129.88 million. Tahoe Resources had a net margin of 11.15% and a return on equity of 3.18%. The business’s quarterly revenue was down 37.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS. analysts anticipate that Tahoe Resources Inc will post 0.27 earnings per share for the current fiscal year.

A number of brokerages recently commented on TAHO. ValuEngine lowered Tahoe Resources from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered Tahoe Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, Credit Suisse Group lowered Tahoe Resources from an “outperform” rating to a “neutral” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Tahoe Resources 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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Institutional Ownership by Quarter for Tahoe Resources (NYSE:TAHO)

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