Insider Buying: International Tower Hill Mines (NYSE:THM) Major Shareholder Buys $39,999,999.96 in Stock

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Paulson & Co. Inc. acquired 18,018,018 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was purchased at an average price of $2.22 per share, with a total value of $39,999,999.96. Following the acquisition, the insider owned 88,257,406 shares of the company’s stock, valued at $195,931,441.32. This represents a 25.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

International Tower Hill Mines Trading Down 2.9%

Shares of THM stock opened at $2.99 on Friday. The company’s fifty day moving average price is $2.07 and its 200-day moving average price is $1.73. The stock has a market cap of $621.58 million, a PE ratio of -149.50 and a beta of 0.71. International Tower Hill Mines Ltd. has a 12 month low of $0.45 and a 12 month high of $3.65.

Institutional Investors Weigh In On International Tower Hill Mines

Large investors have recently bought and sold shares of the business. Citadel Advisors LLC lifted its stake in International Tower Hill Mines by 1,238.5% during the 3rd 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 period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of International Tower Hill Mines by 589.1% during the second 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. CWA Asset Management Group LLC lifted its position in 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 valued at $166,000 after purchasing an additional 91,241 shares during the period. Jane Street Group LLC purchased a new stake in International Tower Hill Mines in the second quarter worth approximately $77,000. Finally, Captrust Financial Advisors bought a new stake in International Tower Hill Mines in the 2nd quarter worth approximately $69,000. 54.63% of the stock is currently owned by 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.