International Tower Hill Mines Ltd. $THM Stock Purchased by Greenwich Wealth Management LLC

Key Points

• Greenwich Wealth Management increased its THM stake by 60.7% in the second quarter, purchasing 6.07 million additional shares and bringing its ownership to 6.14%, valued at approximately $32 million.
• Institutional ownership stands at 54.63%, with several firms—including BlackRock, Two Sigma Securities, and Corient Private Wealth—initiating or expanding positions.
• THM shares recently traded at $2.54, with a market capitalization of about $664 million and a 52-week range of $1.43 to $3.65. The company is advancing the Livengood Gold Project in Alaska and does not currently operate producing mines.

Greenwich Wealth Management LLC boosted its holdings in shares of International Tower Hill Mines Ltd. (NYSE:THM - Free Report) by 60.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm 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 about 1.2% of Greenwich Wealth Management LLC's holdings, making the stock its 12th largest holding. Greenwich Wealth Management LLC owned 6.14% of International Tower Hill Mines worth $31,989,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new position in shares of International Tower Hill Mines in the 2nd quarter worth about $25,000. Ketron Financial bought a new stake in International Tower Hill Mines in the 4th quarter worth approximately $28,000. Two Sigma Securities LLC purchased a new stake in International Tower Hill Mines in the second quarter worth approximately $40,000. TCI Wealth Advisors Inc. bought a new position in International Tower Hill Mines during the first quarter valued at approximately $97,000. Finally, BlackRock Inc. bought a new position in International Tower Hill Mines during the second quarter valued at approximately $96,000. 54.63% of the stock is currently owned by institutional investors.

International Tower Hill Mines Stock Performance

THM stock traded down $0.04 during trading on Tuesday, hitting $2.54. 316,630 shares of the company traded hands, compared to its average volume of 1,343,939. The company has a 50-day moving average of $2.45 and a 200-day moving average of $2.38. International Tower Hill Mines Ltd. has a 1 year low of $1.43 and a 1 year high of $3.65. The firm has a market capitalization of $663.82 million, a PE ratio of -126.75 and a beta of 1.04.

International Tower Hill Mines Profile

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.

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.