28,765,672 Shares in International Tower Hill Mines Ltd. $THM Bought by Electrum Group LLC

Electrum Group LLC purchased a new position in shares of International Tower Hill Mines Ltd. (NYSE:THM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,765,672 shares of the company’s stock, valued at approximately $53,504,000. International Tower Hill Mines accounts for about 4.7% of Electrum Group LLC’s holdings, making the stock its 3rd largest position. Electrum Group LLC owned about 13.84% of International Tower Hill Mines at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in International Tower Hill Mines during the 4th quarter worth $68,000. HighTower Advisors LLC purchased a new stake in International Tower Hill Mines during the 4th quarter worth $74,000. CWA Asset Management Group LLC increased its stake in International Tower Hill Mines by 27.1% during the 4th quarter. CWA Asset Management Group LLC now owns 128,635 shares of the company’s stock worth $239,000 after buying an additional 27,394 shares during the period. Citadel Advisors LLC increased 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 worth $360,000 after buying an additional 202,922 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in International Tower Hill Mines during the 2nd quarter worth $69,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

Insider Buying and Selling at International Tower Hill Mines

In related news, major shareholder Paulson & Co. Inc. bought 4,913,665 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of $2.56 per share, with a total value of $12,578,982.40. Following the transaction, the insider owned 104,486,703 shares of the company’s stock, valued at approximately $267,485,959.68. This trade represents a 4.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

International Tower Hill Mines Price Performance

International Tower Hill Mines stock opened at $2.06 on Wednesday. International Tower Hill Mines Ltd. has a 12-month low of $0.83 and a 12-month high of $3.65. The company has a market capitalization of $538.97 million, a price-to-earnings ratio of -103.00 and a beta of 0.88. The firm’s fifty day moving average price is $2.47 and its 200 day moving average price is $2.37.

International Tower Hill Mines 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.