International Tower Hill Mines (NYSE:THM) Major Shareholder Purchases $21,786,303.00 in Stock

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Paulson & Co. Inc. bought 9,813,650 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was purchased at an average cost of $2.22 per share, for a total transaction of $21,786,303.00. Following the completion of the acquisition, the insider owned 98,071,056 shares in the company, valued at approximately $217,717,744.32. This trade represents a 11.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

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

• On Thursday, January 29th, Paulson & Co. Inc. purchased 1,501,982 shares of International Tower Hill Mines stock. The stock was purchased at an average price of $2.22 per share, for a total transaction of $3,334,400.04.
• On Tuesday, January 27th, Paulson & Co. Inc. acquired 18,018,018 shares of International Tower Hill Mines stock. The stock was bought at an average cost of $2.22 per share, for a total transaction of $39,999,999.96.

International Tower Hill Mines Stock Performance

NYSE THM traded down $0.38 on Friday, hitting $2.61. The stock had a trading volume of 6,436,542 shares, compared to its average volume of 2,347,433. International Tower Hill Mines Ltd. has a 52-week low of $0.45 and a 52-week high of $3.65. The company has a market capitalization of $542.58 million, a price-to-earnings ratio of -130.50 and a beta of 0.71. The firm has a 50-day moving average of $2.07 and a 200-day moving average of $1.73.

Hedge Funds Weigh In On International Tower Hill Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC boosted its stake in shares of International Tower Hill Mines by 1,238.5% in the third quarter. Citadel Advisors LLC now owns 219,307 shares of the company’s stock worth $360,000 after buying an additional 202,922 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of International Tower Hill Mines by 27.1% in the 4th quarter. CWA Asset Management Group LLC now owns 128,635 shares of the company’s stock valued at $239,000 after buying an additional 27,394 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 purchasing an additional 103,100 shares during the last quarter. Jane Street Group LLC acquired a new stake in International Tower Hill Mines during the 2nd quarter worth approximately $77,000. Finally, Captrust Financial Advisors acquired a new position in International Tower Hill Mines during the 2nd quarter worth approximately $69,000. Institutional investors own 54.63% of the company’s stock.

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.