Mason Hill Advisors adds Tahoe Resources Inc (TAHO) to its portfolio

Tahoe Resources Inc (TAHO) : Mason Hill Advisors added new position in Tahoe Resources Inc during the most recent quarter end. The investment management firm now holds 461,719 shares of Tahoe Resources Inc which is valued at $7,572,192 , the company said in a statement filed on Aug 12, 2016 with the SEC.Tahoe Resources Inc makes up approximately 4.01% of Mason Hill Advisors’s portfolio.

Other Hedge Funds, Including , Sentry Investments Corp. reduced its stake in TAHO by selling 975,966 shares or 18.81% in the most recent quarter. The Hedge Fund company now holds 4,212,410 shares of TAHO which is valued at $69,083,524. Tahoe Resources Inc makes up approx 0.93% of Sentry Investments Corp.’s portfolio.Credit Suisse Ag reduced its stake in TAHO by selling 14,770 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 684,731 shares of TAHO which is valued at $11,229,588. Tahoe Resources Inc makes up approx 0.01% of Credit Suisse Ag’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in TAHO by selling 1 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 5,962 shares of TAHO which is valued at $91,219.Quantbot Technologies Lp reduced its stake in TAHO by selling 18,965 shares or 68.61% in the most recent quarter. The Hedge Fund company now holds 8,675 shares of TAHO which is valued at $134,636. Tahoe Resources Inc makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.Montrusco Bolton Investments reduced its stake in TAHO by selling 710,735 shares or 47.1% in the most recent quarter. The Hedge Fund company now holds 798,399 shares of TAHO which is valued at $12,055,825. Tahoe Resources Inc makes up approx 0.74% of Montrusco Bolton Investments’s portfolio.

Tahoe Resources Inc opened for trading at $13.46 and hit $13.98 on the upside on Monday, eventually ending the session at $13.92, with a gain of 1.83% or 0.25 points. The heightened volatility saw the trading volume jump to 16,17,779 shares. Company has a market cap of $4,325 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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