Key Points
- Paulson & Co.$2.22 (about $21.8M), bringing its direct holdings to roughly 98.07M shares; Paulson also made additional purchases on Jan. 27 and Jan. 29, reflecting substantial recent accumulation.
- Other institutional buys (including Global Holdings/Electrum and increased stakes from firms like Citadel) have pushed visible ownership higher—institutions now own about 54.6%—but THM remains a development‑stage gold company with a negative P/E, a $542.6M market cap, and continued volatility after the insider-driven rally.
International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) major shareholder Paulson & Co. Inc. bought 1,501,982 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $2.22 per share, for a total transaction of $3,334,400.04. Following the acquisition, the insider directly owned 99,573,038 shares in the company, valued at approximately $221,052,144.36. This trade represents a 1.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% 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 Wednesday, January 28th, Paulson & Co. Inc. purchased 9,813,650 shares of International Tower Hill Mines stock. The shares were purchased at an average price of $2.22 per share, with a total value of $21,786,303.00.
- On Tuesday, January 27th, Paulson & Co. Inc. acquired 18,018,018 shares of International Tower Hill Mines stock. The stock was acquired at an average price of $2.22 per share, for a total transaction of $39,999,999.96.
International Tower Hill Mines Stock Performance
NYSE THM opened at $2.61 on Friday. The stock has a 50-day simple moving average of $2.09 and a 200 day simple moving average of $1.74. International Tower Hill Mines Ltd. has a twelve month low of $0.45 and a twelve month high of $3.65. The stock has a market capitalization of $542.58 million, a PE ratio of -130.50 and a beta of 0.71.
Institutional Trading of International Tower Hill Mines
A number of hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of International Tower Hill Mines by 589.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,600 shares of the company's stock worth $104,000 after purchasing an additional 103,100 shares during the period. Citadel Advisors LLC grew 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 worth $360,000 after buying an additional 202,922 shares in the last quarter. Captrust Financial Advisors bought a new position in International Tower Hill Mines during the second quarter valued at about $69,000. Jane Street Group LLC bought a new stake in shares of International Tower Hill Mines in the 2nd quarter worth approximately $77,000. Finally, Marshall Wace LLP acquired a new position in shares of International Tower Hill Mines in the second quarter valued at $32,000. 54.63% of the stock is owned by institutional investors.
International Tower Hill Mines News Summary
Here are the key news stories impacting International Tower Hill Mines this week:
- Positive Sentiment: Paulson & Co. increased its THM stake with two recent buys (Jan. 28 and Jan. 29) totaling ~11.3M shares at about $2.22 each — the filings show Paulson now owns roughly 99.6M shares, signaling large‑scale insider accumulation that likely supported the recent rally. Paulson Form 4
- Positive Sentiment: Global Holdings L.P. (Electrum) disclosed a purchase of 3,153,153 shares at ~ $2.22 per share; multiple institutional buys this week have increased visible insider ownership and investor interest. Electrum SEC Filing
- Neutral Sentiment: Market/coverage pieces are reassessing THM’s valuation after recent equity raises and the wave of institutional backing; analysts and investors will be watching how these positions change valuation expectations for the Livengood project. Valuation Article
- Negative Sentiment: Despite the buying, the stock pulled back from recent highs amid heavy volume — short‑term profit‑taking and higher volatility followed the insider-driven run. THM remains a development‑stage gold company (negative P/E, project/permitting risk), so execution and permitting headlines will continue to drive large price moves. MarketBeat Insider Trades 1‑Year High Coverage
About International Tower Hill Mines
(
Get Free Report)
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.
Further Reading
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