International Tower Hill Mines (NYSEAMERICAN:THM) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THMFree Report) (TSE:ITH) in a report issued on Tuesday. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Down 1.1 %

THM opened at $0.62 on Tuesday. International Tower Hill Mines has a 12 month low of $0.31 and a 12 month high of $0.69. The stock has a 50-day moving average of $0.42.

Insider Transactions at International Tower Hill Mines

In related news, major shareholder Paulson & Co. Inc. purchased 2,268,256 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were purchased at an average cost of $0.66 per share, with a total value of $1,497,048.96. Following the purchase, the insider now owns 64,198,980 shares of the company’s stock, valued at approximately $42,371,326.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.68% of the company’s stock.

Institutional Trading of International Tower Hill Mines

A number of hedge funds have recently bought and sold shares of the business. Atria Wealth Solutions Inc. boosted its position in International Tower Hill Mines by 54.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after buying an additional 18,000 shares during the period. Virtu Financial LLC lifted its position in shares of International Tower Hill Mines by 314.9% during the 4th quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock worth $26,000 after purchasing an additional 46,910 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of International Tower Hill Mines by 25.2% during the 4th quarter. Renaissance Technologies LLC now owns 161,859 shares of the mining company’s stock worth $69,000 after purchasing an additional 32,559 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of International Tower Hill Mines by 15.8% during the 2nd quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock worth $85,000 after purchasing an additional 27,713 shares during the last quarter. Institutional investors and hedge funds own 53.78% of the company’s stock.

About International Tower Hill Mines

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International Tower Hill Mines Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. It holds or has rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska.

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