International Tower Hill Mines (NYSE:THM) Major Shareholder Acquires $3,334,400.04 in Stock

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Paulson & Co. Inc. bought 1,501,982 shares of International Tower Hill Mines stock in a transaction dated Thursday, January 29th. The stock was acquired at an average price of $2.22 per share, with a total value of $3,334,400.04. Following the completion of the transaction, the insider directly owned 99,573,038 shares of the company’s stock, valued at approximately $221,052,144.36. The trade was a 1.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Paulson & Co. Inc. also recently made the following trade(s):

• On Wednesday, January 28th, Paulson & Co. Inc. bought 9,813,650 shares of International Tower Hill Mines stock. The stock was acquired at an average cost of $2.22 per share, for a total transaction of $21,786,303.00.
• On Tuesday, January 27th, Paulson & Co. Inc. acquired 18,018,018 shares of International Tower Hill Mines stock. The shares were bought at an average price of $2.22 per share, for a total transaction of $39,999,999.96.

International Tower Hill Mines Stock Performance

Shares of THM stock traded down $0.38 on Friday, hitting $2.61. 6,436,542 shares of the stock traded hands, compared to its average volume of 2,347,433. The stock has a market capitalization of $542.58 million, a PE ratio of -130.50 and a beta of 0.71. The firm’s 50-day moving average price is $2.07 and its two-hundred day moving average price is $1.73. International Tower Hill Mines Ltd. has a twelve month low of $0.45 and a twelve month high of $3.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in International Tower Hill Mines by 589.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,600 shares of the company’s stock valued at $104,000 after buying an additional 103,100 shares during the period. CWA Asset Management Group LLC increased its stake in shares of International Tower Hill Mines by 912.4% during the third quarter. CWA Asset Management Group LLC now owns 101,241 shares of the company’s stock worth $166,000 after acquiring an additional 91,241 shares during the period. Citadel Advisors LLC raised its holdings in International Tower Hill Mines by 1,238.5% during the third quarter. Citadel Advisors LLC now owns 219,307 shares of the company’s stock worth $360,000 after purchasing an additional 202,922 shares in the last quarter. Jane Street Group LLC purchased a new position in International Tower Hill Mines during the second quarter worth about $77,000. Finally, Captrust Financial Advisors acquired a new stake in International Tower Hill Mines in the second quarter valued at about $69,000. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

International Tower Hill Mines Company Profile

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.