Paulson & CO. Inc. Invests $207.93 Million in International Tower Hill Mines Ltd. $THM

Paulson & CO. Inc. purchased a new stake in shares of International Tower Hill Mines Ltd. (NYSE:THM) in the 2nd quarter, Holdings Channel reports. The fund purchased 104,486,703 shares of the company’s stock, valued at approximately $207,929,000. International Tower Hill Mines comprises approximately 8.1% of Paulson & CO. Inc.’s portfolio, making the stock its 5th largest position. Paulson & CO. Inc. owned 0.40% of International Tower Hill Mines at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Kopernik Global Investors LLC increased its holdings in International Tower Hill Mines by 22.2% during the 1st quarter. Kopernik Global Investors LLC now owns 17,650,432 shares of the company’s stock worth $40,596,000 after purchasing an additional 3,202,014 shares during the period. Electrum Group LLC purchased a new stake in shares of International Tower Hill Mines in the 2nd quarter worth $63,518,462,000. StoneX Group Inc. grew its position in shares of International Tower Hill Mines by 43.3% during the 4th quarter. StoneX Group Inc. now owns 27,389 shares of the company’s stock worth $51,000 after buying an additional 8,281 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of International Tower Hill Mines during the 4th quarter worth $41,000. Finally, Marshall Wace LLP purchased a new position in shares of International Tower Hill Mines during the second quarter valued at $32,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

International Tower Hill Mines Price Performance

THM stock opened at $2.82 on Wednesday. The business has a 50-day moving average price of $2.24 and a 200 day moving average price of $2.43. The company has a market capitalization of $737.82 million, a P/E ratio of -141.00 and a beta of 0.96. International Tower Hill Mines Ltd. has a 1-year low of $1.30 and a 1-year high of $3.65.

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.