Greenwich Wealth Management LLC Raises Stake in International Tower Hill Mines Ltd. $THM

Greenwich Wealth Management LLC boosted its holdings in International Tower Hill Mines Ltd. (NYSE:THM) by 60.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,074,898 shares of the company’s stock after buying an additional 6,074,898 shares during the period. International Tower Hill Mines makes up 1.2% of Greenwich Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Greenwich Wealth Management LLC owned approximately 0.06% of International Tower Hill Mines worth $31,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Paulson & CO. Inc. purchased a new stake in shares of International Tower Hill Mines during the second quarter valued at $207,929,000. Electrum Group LLC bought a new position in International Tower Hill Mines during the second quarter valued at approximately $63,518,462. Kopernik Global Investors LLC lifted 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 purchasing an additional 3,202,014 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in International Tower Hill Mines in the second quarter worth approximately $1,138,000. Finally, Bank of America Corp DE grew its position in International Tower Hill Mines by 57,043.0% in the 1st 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. Institutional investors own 54.63% of the company’s stock.

International Tower Hill Mines Stock Performance

Shares of THM stock traded down $0.04 on Tuesday, reaching $2.54. The stock had a trading volume of 316,630 shares, compared to its average volume of 1,343,939. International Tower Hill Mines Ltd. has a 1 year low of $1.43 and a 1 year high of $3.65. The stock has a market cap of $663.82 million, a P/E ratio of -126.75 and a beta of 1.04. The company has a 50 day simple moving average of $2.45 and a 200 day simple moving average of $2.38.

About International Tower Hill Mines

International Tower Hill Mines Ltd. is a mineral exploration and development company focused on advancing gold properties in Alaska. The company’s principal asset is the Livengood Gold Project, located approximately 70 miles northwest of Fairbanks in the Tintina Gold Belt.

The Livengood project centers on the Money Knob deposit, a large, low-grade gold system that the company is evaluating for potential development using conventional open-pit mining and processing methods. International Tower Hill Mines’ activities include exploration, resource evaluation, engineering studies, permitting, and other technical work intended to assess the project’s economic and development potential.

The company has historically focused its operations on Alaska and does not currently operate producing mines.