International Tower Hill Mines (NYSE:THM) Trading Up 10.3% – Still a Buy?

International Tower Hill Mines Ltd. (NYSE:THM) shares traded up 10.3% on Tuesday . The company traded as high as $2.30 and last traded at $2.2950. Approximately 119,785 shares changed hands during trading, a decline of 92% from the average session volume of 1,487,315 shares. The stock had previously closed at $2.08.

International Tower Hill Mines Stock Down 3.6%

The stock has a market cap of $562.52 million, a price-to-earnings ratio of -107.50 and a beta of 0.94. The business’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.43.

Institutional Investors Weigh In On International Tower Hill Mines

Large investors have recently added to or reduced their stakes in the business. Paulson & CO. Inc. boosted its holdings in shares of International Tower Hill Mines by 41.8% during the 1st quarter. Paulson & CO. Inc. now owns 99,573,038 shares of the company’s stock worth $229,018,000 after buying an additional 29,333,650 shares during the period. Electrum Group LLC acquired a new stake in International Tower Hill Mines during the fourth quarter worth approximately $53,504,000. 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 worth $40,596,000 after acquiring an additional 3,202,014 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of International Tower Hill Mines by 151.3% during the fourth quarter. Marshall Wace LLP now owns 888,168 shares of the company’s stock worth $1,652,000 after acquiring an additional 534,792 shares during the period. Finally, Bank of America Corp DE grew its position in shares of International Tower Hill Mines by 57,043.0% in the first quarter. Bank of America Corp DE now owns 285,715 shares of the company’s stock valued at $657,000 after purchasing an additional 285,215 shares during the last quarter. Institutional investors own 54.63% of the company’s stock.

About International Tower Hill Mines

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.