Old Mission Capital Lowers stake in Tahoe Resources Inc (TAHO)

Tahoe Resources Inc (TAHO) : Old Mission Capital reduced its stake in Tahoe Resources Inc by 85.91% during the most recent quarter end. The investment management company now holds a total of 8,963 shares of Tahoe Resources Inc which is valued at $115,533 after selling 54,631 shares in Tahoe Resources Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Tahoe Resources Inc makes up approximately 0.01% of Old Mission Capital’s portfolio.

Other Hedge Funds, Including , Glazer Capital added TAHO to its portfolio by purchasing 265,380 company shares during the most recent quarter which is valued at $3.4 Million. Tahoe Resources Inc makes up approx 1.00% of Glazer Capital’s portfolio.Oppenheimerfunds reduced its stake in TAHO by selling 1,015,294 shares or 22.99% in the most recent quarter. The Hedge Fund company now holds 3,401,470 shares of TAHO which is valued at $43.8 Million. Tahoe Resources Inc makes up approx 0.06% of Oppenheimerfunds’s portfolio. Mckinley Capital Management Delaware added TAHO to its portfolio by purchasing 872,834 company shares during the most recent quarter which is valued at $11.3 Million. Tahoe Resources Inc makes up approx 0.56% of Mckinley Capital Management Delaware’s portfolio.Gabelli Funds reduced its stake in TAHO by selling 90,000 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 1,395,000 shares of TAHO which is valued at $18.6 Million. Tahoe Resources Inc makes up approx 0.11% of Gabelli Funds’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in TAHO by selling 9 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 5,145 shares of TAHO which is valued at $72,699.

Tahoe Resources Inc opened for trading at $11.88 and hit $12.33 on the upside on Wednesday, eventually ending the session at $12.25, with a gain of 2.60% or 0.31 points. The heightened volatility saw the trading volume jump to 19,62,124 shares. Company has a market cap of $2,789 M.

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.

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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