International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) major shareholder Paulson & Co. Inc. bought 4,913,665 shares of the stock in a transaction dated Thursday, April 16th. The shares were purchased at an average price of $2.56 per share, with a total value of $12,578,982.40. Following the completion of the transaction, the insider directly owned 104,486,703 shares in the company, valued at approximately $267,485,959.68. The trade was a 4.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions 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 acquired at an average price of $2.22 per share, for a total transaction of $3,334,400.04.
- On Wednesday, January 28th, Paulson & Co. Inc. purchased 9,813,650 shares of International Tower Hill Mines stock. The shares were 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. purchased 18,018,018 shares of International Tower Hill Mines stock. The shares were acquired at an average cost of $2.22 per share, for a total transaction of $39,999,999.96.
International Tower Hill Mines Stock Down 1.5%
THM stock opened at $2.58 on Tuesday. International Tower Hill Mines Ltd. has a 52 week low of $0.61 and a 52 week high of $3.65. The firm has a market capitalization of $536.34 million, a P/E ratio of -129.00 and a beta of 0.88. The company has a fifty day simple moving average of $2.60 and a two-hundred day simple moving average of $2.23.
Institutional Investors Weigh In On International Tower Hill Mines
Several large investors have recently added to or reduced their stakes in THM. Ketron Financial purchased a new stake in International Tower Hill Mines during the fourth quarter valued at approximately $28,000. Tudor Investment Corp ET AL bought a new stake in shares of International Tower Hill Mines in the 4th quarter valued at approximately $41,000. StoneX Group Inc. boosted its holdings in shares of International Tower Hill Mines by 43.3% in the 4th quarter. StoneX Group Inc. now owns 27,389 shares of the company's stock worth $51,000 after purchasing an additional 8,281 shares during the period. WINTON GROUP Ltd purchased a new position in shares of International Tower Hill Mines in the 4th quarter worth approximately $68,000. Finally, Marshall Wace LLP bought a new position in shares of International Tower Hill Mines during the 2nd quarter valued at approximately $32,000. 54.63% of the stock is owned by institutional investors.
International Tower Hill Mines Company Profile
(
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.
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