International Tower Hill Mines Ltd. (THM): Why Not Just Buy Stock?

International Tower Hill Mines Ltd. (NYSE:THM) produced a 50.48% rally since recording the worst price of $0.35. Thanks to the latest 1.94% increase, it now trades at $0.53. Throughout the trading on 01/17/2019, the share price floated between $0.49 and $0.5681. This company shares are -100% up from its target price of $0 and the current market capitalization stands at $105.48M. The recent change has given its price a 16.39% lead over SMA 50 and -32.05% deficit over its 52-week high. The stock witnessed 24.71% gains, -11.67% declines and 10.42% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found THM’s volatility during a week at 11.02% and during a month it has been found around 11.6%.

International Tower Hill Mines Ltd. (THM) Top Holders

Institutional investors currently hold around $53 million or 25.8% in THM stock. Look at its top three institutional owners. Paulson & Co. Inc. owns $30.99 million in International Tower Hill Mines Ltd., which represents roughly 29.38% of the company’s market cap and approximately 58.47% of the institutional ownership. Similar statistics are true for the second largest owner, Tocqueville Asset Management L.P., which owns 30,181,069 shares of the stock are valued at $15.69 million. The third largest holder is Kopernik Global Investors, Llc, which currently holds $4.07 million worth of this stock and that ownership represents nearly 3.86% of its market capitalization.

International Tower Hill Mines Ltd. 13F Filings

At the end of September reporting period, 9 institutional holders increased their position in International Tower Hill Mines Ltd. (NYSE:THM) by some 322,904 shares, 5 decreased positions by 174,643 and 12 held positions by 100,687,831. That puts total institutional holdings at 101,185,378 shares, according to SEC filings. The stock grabbed 3 new institutional investments totaling 114,623 shares while 2 institutional investors sold out their entire positions totaling 31,546 shares.

International Tower Hill Mines Ltd. (NYSE:THM) Insider Trades

Multiple company employees have indulged in significant insider trading. International Tower Hill Mines Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Electrum Strategic Opportuniti has acquired 6,676,852 shares of International Tower Hill Mines Ltd. (THM) in trading session dated Mar. 28, 2018. These shares are worth $3,338,426 and were traded at $0.5 each. The SEC filing shows that Paulson & Co. Inc. performed a purchase of 4,105,472 shares. The 10% Owner added these shares by way of transaction on Mar. 13, 2018. The company’s shares were assimilated at $0.5 per share worth to an investment of some $2,052,736 on account of Paulson & Co. Inc..

10% Owner, Paulson & Co. Inc., purchased 32,429,842 common shares of International Tower Hill Mines Ltd. (THM) in the open market. In a transaction dated Dec. 28, 2016, the shares were bought at an average price of $0.48, giving away a sum of $15,566,324. After this purchase, 55,487,842 common shares of THM are directly owned by the insider, with total stake valued at $29,408,556.

In the transaction dated Dec. 12, 2014, the great number of shares acquired came courtesy the Director; Drescher Anton J added a total of 200,000 shares at an average price of $0.46, amounting to approximately $92,000. The insider now directly owns 689,218 shares worth $365,286.