New Harbor Financial Group Exits Position in Tahoe Resources Inc (TAHO)

Tahoe Resources Inc (TAHO) : New Harbor Financial Group 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 Jul 19, 2016 with the SEC. The investment management company has sold out 113 shares of Tahoe Resources Inc which is valued at $1,671.

Other Hedge Funds, Including , Nikko Asset Management Americas boosted its stake in TAHO in the latest quarter, The investment management firm added 274,800 additional shares and now holds a total of 906,750 shares of Tahoe Resources Inc which is valued at $13,410,833. Tahoe Resources Inc makes up approx 1.24% of Nikko Asset Management Americas’s portfolio.Simplex Trading reduced its stake in TAHO by selling 1,759 shares or 65.17% in the most recent quarter. The Hedge Fund company now holds 940 shares of TAHO which is valued at $13,903.Davenport Co boosted its stake in TAHO in the latest quarter, The investment management firm added 82,000 additional shares and now holds a total of 95,800 shares of Tahoe Resources Inc which is valued at $1,574,952. Tahoe Resources Inc makes up approx 0.02% of Davenport Co’s portfolio.Cutler Group Lp boosted its stake in TAHO in the latest quarter, The investment management firm added 10,317 additional shares and now holds a total of 11,489 shares of Tahoe Resources Inc which is valued at $188,879. Tahoe Resources Inc makes up approx 0.01% of Cutler Group Lp’s portfolio. Integrated Investment Consultants added TAHO to its portfolio by purchasing 14,500 company shares during the most recent quarter which is valued at $223,590. Tahoe Resources Inc makes up approx 0.12% of Integrated Investment Consultants’s portfolio.

Tahoe Resources Inc closed down -0.96 points or -6.10% at $14.79 with 18,39,598 shares getting traded on Wednesday. Post opening the session at $15.33, the shares hit an intraday low of $14.74 and an intraday high of $15.38 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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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