Connor Clark & Lunn Investment Management Ltd. Takes Position in International Tower Hill Mines Ltd. $THM

Key Points

• Connor Clark & Lunn Investment Management acquired 562,742 shares of International Tower Hill Mines in the second quarter, valued at approximately $1.14 million and representing about 0.22% of the company.
• Institutional interest remains substantial, with Paulson & Co. holding nearly 99.6 million shares and hedge funds and other institutions collectively owning 54.63% of THM.
• THM opened at $2.60, above its 50-day moving average of $2.27 and 200-day average of $2.43. The company has a market capitalization of about $680 million and is focused on advancing its Livengood gold project in Alaska.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of International Tower Hill Mines Ltd. (NYSE:THM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 562,742 shares of the company's stock, valued at approximately $1,138,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of International Tower Hill Mines as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Paulson & CO. Inc. grew its stake in International Tower Hill Mines by 41.8% in the 1st quarter. Paulson & CO. Inc. now owns 99,573,038 shares of the company's stock valued at $229,018,000 after acquiring an additional 29,333,650 shares during the last quarter. Electrum Group LLC acquired a new position in International Tower Hill Mines during the second quarter worth about $63,518,462. Kopernik Global Investors LLC raised 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 lifted its holdings in shares of International Tower Hill Mines by 151.3% in the fourth quarter. Marshall Wace LLP now owns 888,168 shares of the company's stock valued at $1,652,000 after purchasing an additional 534,792 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings 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 in the last quarter. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

International Tower Hill Mines Price Performance

THM stock opened at $2.60 on Monday. The company's 50 day simple moving average is $2.27 and its 200-day simple moving average is $2.43. International Tower Hill Mines Ltd. has a 12 month low of $1.33 and a 12 month high of $3.65. The firm has a market capitalization of $680.26 million, a PE ratio of -130.00 and a beta of 0.96.

International Tower Hill Mines 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.

Want to see what other hedge funds are holding THM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Tower Hill Mines Ltd. (NYSE:THM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.