Electrum Group LLC Takes $63.52 Billion Position in International Tower Hill Mines Ltd. $THM

Electrum Group LLC purchased a new stake in shares of International Tower Hill Mines Ltd. (NYSE:THM) in the second quarter, Holdings Channel reports. The firm purchased 31,918,825 shares of the company’s stock, valued at approximately $63,518,462,000. International Tower Hill Mines comprises about 1.9% of Electrum Group LLC’s portfolio, making the stock its 5th largest position. Electrum Group LLC owned approximately 0.12% of International Tower Hill Mines as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Paulson & CO. Inc. raised its stake in shares of International Tower Hill Mines by 41.8% during the 1st quarter. Paulson & CO. Inc. now owns 99,573,038 shares of the company’s stock worth $229,018,000 after purchasing an additional 29,333,650 shares during the period. Kopernik Global Investors LLC grew its position in International Tower Hill Mines by 22.2% during the first quarter. Kopernik Global Investors LLC now owns 17,650,432 shares of the company’s stock valued at $40,596,000 after buying an additional 3,202,014 shares during the period. Marshall Wace LLP grew its position in International Tower Hill Mines by 151.3% during the fourth quarter. Marshall Wace LLP now owns 888,168 shares of the company’s stock valued at $1,652,000 after buying an additional 534,792 shares during the period. Bank of America Corp DE increased its holdings in International Tower Hill Mines by 57,043.0% during the first quarter. Bank of America Corp DE now owns 285,715 shares of the company’s stock worth $657,000 after buying an additional 285,215 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings 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 during the last quarter. 54.63% of the stock is currently owned by institutional investors.

International Tower Hill Mines Stock Down 7.3%

THM opened at $2.54 on Wednesday. The stock has a market cap of $664.56 million, a price-to-earnings ratio of -127.00 and a beta of 0.96. International Tower Hill Mines Ltd. has a twelve month low of $1.15 and a twelve month high of $3.65. The company’s 50-day moving average price is $2.17 and its two-hundred day moving average price is $2.42.

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.