Kopernik Global Investors LLC increased its stake in International Tower Hill Mines Ltd. (NYSE:THM – Free Report) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,650,432 shares of the company’s stock after purchasing an additional 3,202,014 shares during the quarter. International Tower Hill Mines makes up 2.8% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 14th largest holding. Kopernik Global Investors LLC owned about 0.07% of International Tower Hill Mines worth $40,596,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of THM. Ketron Financial purchased a new stake in International Tower Hill Mines during the fourth quarter valued at about $28,000. Tudor Investment Corp ET AL acquired a new position in shares of International Tower Hill Mines in the fourth quarter worth about $41,000. StoneX Group Inc. increased its position in shares of International Tower Hill Mines by 43.3% in the fourth quarter. StoneX Group Inc. now owns 27,389 shares of the company’s stock worth $51,000 after acquiring an additional 8,281 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of International Tower Hill Mines in the fourth quarter worth approximately $68,000. Finally, Marshall Wace LLP acquired a new stake in shares of International Tower Hill Mines during the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 54.63% of the company’s stock.
International Tower Hill Mines Price Performance
THM stock opened at $2.14 on Thursday. The firm has a market capitalization of $559.90 million, a P/E ratio of -107.00 and a beta of 0.94. International Tower Hill Mines Ltd. has a 52-week low of $1.00 and a 52-week high of $3.65. The company’s 50 day simple moving average is $2.25 and its 200-day simple 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.
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