Flow Traders U.s. Exits Position in Tahoe Resources Inc (TAHO)

Tahoe Resources Inc (TAHO) : Flow Traders U.s. has sold out all of its stake in Tahoe Resources Inc during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 151 shares of Tahoe Resources Inc which is valued at $1,946.

Other Hedge Funds, Including , Columbia Wanger Asset Management boosted its stake in TAHO in the latest quarter, The investment management firm added 1,343,647 additional shares and now holds a total of 4,058,657 shares of Tahoe Resources Inc which is valued at $52.3 Million. Tahoe Resources Inc makes up approx 0.56% of Columbia Wanger Asset Management’s portfolio.Blackrock Investment Management reduced its stake in TAHO by selling 7,348 shares or 8.85% in the most recent quarter. The Hedge Fund company now holds 75,726 shares of TAHO which is valued at $976,108. Airain Ltd sold out all of its stake in TAHO during the most recent quarter. The investment firm sold 22,107 shares of TAHO which is valued $284,959.Global X Management Co boosted its stake in TAHO in the latest quarter, The investment management firm added 30,691 additional shares and now holds a total of 2,080,683 shares of Tahoe Resources Inc which is valued at $27.8 Million. Tahoe Resources Inc makes up approx 1.65% of Global X Management Co’s portfolio.Cibc World Markets boosted its stake in TAHO in the latest quarter, The investment management firm added 113,265 additional shares and now holds a total of 202,659 shares of Tahoe Resources Inc which is valued at $2.7 Million. Tahoe Resources Inc makes up approx 0.01% of Cibc World Markets’s portfolio.

Tahoe Resources Inc closed down -0.05 points or -0.40% at $12.33 with 17,63,508 shares getting traded on Friday. Post opening the session at $12.48, the shares hit an intraday low of $12.035 and an intraday high of $12.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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