Agf Investments Lowers stake in Tahoe Resources Inc (TAHO)

Tahoe Resources Inc (TAHO) : Agf Investments reduced its stake in Tahoe Resources Inc by 15.36% during the most recent quarter end. The investment management company now holds a total of 3,528,036 shares of Tahoe Resources Inc which is valued at $54,755,119 after selling 640,042 shares in Tahoe Resources Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Tahoe Resources Inc makes up approximately 0.60% of Agf Investments’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in TAHO in the latest quarter, The investment management firm added 305,386 additional shares and now holds a total of 654,261 shares of Tahoe Resources Inc which is valued at $10,154,131. Tahoe Resources Inc makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in TAHO in the latest quarter, The investment management firm added 4,505 additional shares and now holds a total of 9,650 shares of Tahoe Resources Inc which is valued at $150,154.Old Mutual Global Investors (uk) Ltd. boosted its stake in TAHO in the latest quarter, The investment management firm added 15,000 additional shares and now holds a total of 100,000 shares of Tahoe Resources Inc which is valued at $1,510,000. Tahoe Resources Inc makes up approx 0.03% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Cibc World Markets boosted its stake in TAHO in the latest quarter, The investment management firm added 1,380,961 additional shares and now holds a total of 1,583,620 shares of Tahoe Resources Inc which is valued at $23,912,662. Tahoe Resources Inc makes up approx 0.10% of Cibc World Markets’s portfolio.Barometer Capital Management reduced its stake in TAHO by selling 243,700 shares or 55.09% in the most recent quarter. The Hedge Fund company now holds 198,700 shares of TAHO which is valued at $3,161,317. Tahoe Resources Inc makes up approx 0.31% of Barometer Capital Management’s portfolio.

Tahoe Resources Inc opened for trading at $15.63 and hit $15.8299 on the upside on Thursday, eventually ending the session at $15.79, with a gain of 1.74% or 0.27 points. The heightened volatility saw the trading volume jump to 10,82,809 shares. Company has a market cap of $3,595 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.

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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