Simplex Trading buys $346,499 stake in Tahoe Resources Inc (TAHO)

Tahoe Resources Inc (TAHO) : Simplex Trading scooped up 30,220 additional shares in Tahoe Resources Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 31,160 shares of Tahoe Resources Inc which is valued at $346,499.Tahoe Resources Inc makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank added TAHO to its portfolio by purchasing 47 company shares during the most recent quarter which is valued at $535.

Tahoe Resources Inc closed down -0.02 points or -0.18% at $11.12 with 27,55,165 shares getting traded on Friday. Post opening the session at $11.5, the shares hit an intraday low of $11.01 and an intraday high of $11.69 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.

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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