First Eagle Investment Management LLC Acquires 789,498 Shares of Tahoe Resources, Inc. (TAHO)

First Eagle Investment Management LLC grew its holdings in shares of Tahoe Resources, Inc. (NYSE:TAHO) (TSE:THO) by 11.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,516,667 shares of the basic materials company’s stock after buying an additional 789,498 shares during the quarter. First Eagle Investment Management LLC owned 2.40% of Tahoe Resources worth $39,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lingohr & Partner Asset Management GmbH raised its position in shares of Tahoe Resources by 18.9% during the 3rd quarter. Lingohr & Partner Asset Management GmbH now owns 502,998 shares of the basic materials company’s stock valued at $2,418,000 after buying an additional 80,100 shares in the last quarter. Global X MANAGEMENT CO LLC raised its position in Tahoe Resources by 8.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,314,448 shares of the basic materials company’s stock worth $12,140,000 after purchasing an additional 175,177 shares during the period. Boston Partners purchased a new stake in Tahoe Resources in the 3rd quarter worth about $3,833,000. Gabelli Funds LLC raised its position in Tahoe Resources by 19.4% in the 3rd quarter. Gabelli Funds LLC now owns 1,313,000 shares of the basic materials company’s stock worth $6,920,000 after purchasing an additional 213,000 shares during the period. Finally, Intact Investment Management Inc. raised its position in Tahoe Resources by 82.1% in the 3rd quarter. Intact Investment Management Inc. now owns 3,124,800 shares of the basic materials company’s stock worth $20,436,000 after purchasing an additional 1,409,240 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

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Shares of Tahoe Resources, Inc. (NYSE TAHO) traded up $0.09 during mid-day trading on Tuesday, reaching $4.46. 1,453,100 shares of the company’s stock were exchanged, compared to its average volume of 3,088,878. The company has a market cap of $1,366.83, a P/E ratio of 11.20, a P/E/G ratio of 2.71 and a beta of 0.42. Tahoe Resources, Inc. has a twelve month low of $4.24 and a twelve month high of $11.43.

Tahoe Resources (NYSE:TAHO) (TSE:THO) last issued its earnings results on Monday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $155.20 million during the quarter, compared to the consensus estimate of $127.12 million. Tahoe Resources had a return on equity of 4.57% and a net margin of 12.44%. Tahoe Resources’s revenue was down 33.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. analysts anticipate that Tahoe Resources, Inc. will post 0.32 earnings per share for the current year.

A number of research firms recently weighed in on TAHO. National Bank Financial reissued a “sec perform spec market wgt” rating on shares of Tahoe Resources in a research report on Sunday, July 23rd. Credit Suisse Group raised shares of Tahoe Resources from a “neutral” rating to an “outperform” rating in a research report on Monday, September 11th. BMO Capital Markets raised shares of Tahoe Resources from a “market perform” rating to an “outperform” rating in a research report on Monday, September 11th. ValuEngine lowered shares of Tahoe Resources from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub lowered shares of Tahoe Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.00.

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.

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

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