Electrum Group LLC Acquires Shares of 31,918,825 International Tower Hill Mines Ltd. $THM

Electrum Group LLC acquired a new stake in shares of International Tower Hill Mines Ltd. (NYSE:THM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 31,918,825 shares of the company’s stock, valued at approximately $63,518,462. International Tower Hill Mines accounts for 0.0% of Electrum Group LLC’s portfolio, making the stock its 5th biggest holding. Electrum Group LLC owned 12.20% of International Tower Hill Mines as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Paulson & CO. Inc. boosted its stake in shares of International Tower Hill Mines by 41.8% in the first quarter. Paulson & CO. Inc. now owns 99,573,038 shares of the company’s stock valued at $229,018,000 after buying an additional 29,333,650 shares in the last quarter. Kopernik Global Investors LLC lifted 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 buying an additional 3,202,014 shares in the last quarter. Marshall Wace LLP raised its stake in shares of International Tower Hill Mines by 151.3% in the 4th quarter. Marshall Wace LLP now owns 888,168 shares of the company’s stock valued at $1,652,000 after purchasing an additional 534,792 shares during the period. Bank of America Corp DE increased its stake in shares of 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 purchasing an additional 285,215 shares during the period. Finally, Citadel Advisors LLC increased its holdings in International Tower Hill Mines by 1,238.5% in the 3rd quarter. Citadel Advisors LLC now owns 219,307 shares of the company’s stock worth $360,000 after purchasing an additional 202,922 shares in the last quarter. 54.63% of the stock is currently owned by institutional investors and hedge funds.

International Tower Hill Mines Stock Down 5.4%

International Tower Hill Mines stock traded down $0.15 during trading on Friday, hitting $2.62. The stock had a trading volume of 792,512 shares, compared to its average volume of 1,415,067. The stock has a market cap of $685.49 million, a price-to-earnings ratio of -131.00 and a beta of 0.96. International Tower Hill Mines Ltd. has a 1 year low of $1.33 and a 1 year high of $3.65. The stock’s 50 day moving average is $2.26 and its two-hundred day moving average is $2.43.

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.