Paulson & CO. Inc. Raises Holdings in International Tower Hill Mines Ltd. $THM

Paulson & CO. Inc. raised its stake in International Tower Hill Mines Ltd. (NYSE:THM) by 41.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,573,038 shares of the company’s stock after purchasing an additional 29,333,650 shares during the period. International Tower Hill Mines accounts for approximately 7.4% of Paulson & CO. Inc.’s investment portfolio, making the stock its 6th largest holding. Paulson & CO. Inc. owned about 0.38% of International Tower Hill Mines worth $229,018,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in THM. Electrum Group LLC purchased a new stake in shares of International Tower Hill Mines during the fourth quarter valued at about $53,504,000. Kopernik Global Investors LLC raised its stake in shares of International Tower Hill Mines by 22.2% during the 1st quarter. Kopernik Global Investors LLC now owns 17,650,432 shares of the company’s stock worth $40,596,000 after acquiring an additional 3,202,014 shares in the last quarter. Marshall Wace LLP raised its stake in shares of International Tower Hill Mines by 151.3% during the 4th quarter. Marshall Wace LLP now owns 888,168 shares of the company’s stock worth $1,652,000 after acquiring an additional 534,792 shares in the last quarter. Citadel Advisors LLC lifted its position 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 valued at $360,000 after acquiring an additional 202,922 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in International Tower Hill Mines during the fourth quarter valued at approximately $324,000. 54.63% of the stock is currently owned by institutional investors.

International Tower Hill Mines Price Performance

Shares of THM opened at $2.04 on Monday. The company has a 50 day moving average of $2.23 and a two-hundred day moving average of $2.43. International Tower Hill Mines Ltd. has a twelve month low of $1.08 and a twelve month high of $3.65. The company has a market cap of $533.74 million, a price-to-earnings ratio of -102.00 and a beta of 0.94.

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.