Kassirer Asset Management Corp adds Tahoe Resources Inc (TAHO) to its portfolio

Tahoe Resources Inc (TAHO) : Kassirer Asset Management Corp added new position in Tahoe Resources Inc during the most recent quarter end. The investment management firm now holds 270,104 shares of Tahoe Resources Inc which is valued at $3,603,187 , the company said in a statement filed on May 2, 2016 with the SEC.Tahoe Resources Inc makes up approximately 4.28% of Kassirer Asset Management Corp’s portfolio.

Tahoe Resources Inc opened for trading at $13.42 and hit $13.6736 on the upside on Friday, eventually ending the session at $13.34, with a gain of 0.76% or 0.1 points. The heightened volatility saw the trading volume jump to 21,15,544 shares. Company has a market cap of $3,037 M.

Other Hedge Funds, Including , Tocqueville Asset Management boosted its stake in TAHO in the latest quarter, The investment management firm added 192,000 additional shares and now holds a total of 4,500,596 shares of Tahoe Resources Inc which is valued at $63,593,421. Tahoe Resources Inc makes up approx 0.81% of Tocqueville Asset Management’s portfolio. Lincluden Management Ltd sold out all of its stake in TAHO during the most recent quarter. The investment firm sold 9,230 shares of TAHO which is valued $116,298.Montrusco Bolton Investments boosted its stake in TAHO in the latest quarter, The investment management firm added 1,273,033 additional shares and now holds a total of 1,509,134 shares of Tahoe Resources Inc which is valued at $19,015,088. Tahoe Resources Inc makes up approx 1.49% of Montrusco Bolton Investments’s portfolio.

On the company’s financial health, Tahoe Resources Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 12, 2015. Analyst had a consensus of $0.10. The company had revenue of $145.70 million for the quarter, compared to analysts expectations of $140.52 million. The company’s revenue was up 61.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Tahoe Resources Inc. Tahoe Resources Inc was Downgraded by Raymond James to ” Outperform” on Apr 20, 2016. Tahoe Resources Inc was Resumed by BofA/Merrill to “Buy” on Apr 15, 2016. Shares were Downgraded by RBC Capital Mkts on Feb 10, 2016 to ” Sector Perform” and Lowered the Price Target to $ 13 from a previous price target of $15 .

Tahoe Resources Inc. is a mineral exploration development and mine operating company. The Company’s principal business activity is to operate the Escobal mine a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver gold lead and zinc with an associated epithermal suite of elements within quartz and quartz-carbonate veins. It is also engaged in the acquisition exploration development and operation of mineral properties in the Americas for the mining of precious metals. The Company produces metal-bearing concentrates. Silver gold lead and zinc are recovered by differential flotation producing silver-rich lead concentrates and zinc concentrates which are sold to third-party smelters under concentrate sales arrangements.

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