International Tower Hill Mines (NYSE:THM) Major Shareholder Paulson & Co. Inc. Buys 18,018,018 Shares

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Paulson & Co. Inc. purchased 18,018,018 shares of International Tower Hill Mines stock in a transaction that occurred on Tuesday, January 27th. The stock was acquired at an average cost of $2.22 per share, with a total value of $39,999,999.96. Following the acquisition, the insider directly owned 88,257,406 shares of the company’s stock, valued at $195,931,441.32. The trade was a 25.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

International Tower Hill Mines Stock Up 16.7%

Shares of NYSE:THM traded up $0.41 during trading on Tuesday, hitting $2.87. 3,691,141 shares of the company traded hands, compared to its average volume of 1,641,400. The stock has a market capitalization of $596.63 million, a price-to-earnings ratio of -143.50 and a beta of 0.71. The business’s fifty day moving average is $2.01 and its 200-day moving average is $1.71. International Tower Hill Mines Ltd. has a one year low of $0.45 and a one year high of $3.13.

Hedge Funds Weigh In On International Tower Hill Mines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THM. Marshall Wace LLP acquired a new position in International Tower Hill Mines in the 2nd quarter worth $32,000. XTX Topco Ltd grew its position in shares of International Tower Hill Mines by 97.7% in the second quarter. XTX Topco Ltd now owns 59,074 shares of the company’s stock valued at $51,000 after purchasing an additional 29,186 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of International Tower Hill Mines during the 2nd quarter worth approximately $69,000. Jane Street Group LLC bought a new position in International Tower Hill Mines in the 2nd quarter valued at about $77,000. Finally, CWA Asset Management Group LLC grew its position in International Tower Hill Mines by 912.4% in the third quarter. CWA Asset Management Group LLC now owns 101,241 shares of the company’s stock valued at $166,000 after acquiring an additional 91,241 shares during the last quarter. Institutional investors own 54.63% of the company’s stock.

About International Tower Hill Mines

International Tower Hill Mines Ltd. (NYSE American: THM) is a mineral exploration and development company focused on advancing its flagship Livengood gold project in Alaska, United States. Headquartered in Vancouver, Canada, the company’s primary business activity is the exploration, permitting and feasibility study of the Livengood deposit, which hosts a large-scale, low‐sulfidation gold system. Through systematic drilling programs and resource modeling, International Tower Hill Mines aims to define and expand gold resources while advancing environmental and engineering studies toward a potential mining operation.

The Livengood project, situated approximately 70 miles northwest of Fairbanks, Alaska, has been the focal point of International Tower Hill Mines’ efforts since acquiring the property in 2011.