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International Tower Hill Mines (NYSE:THM) Hits New 1-Year High - What's Next?

International Tower Hill Mines logo with Basic Materials background

Key Points

  • Shares of International Tower Hill Mines reached a new 52-week high, trading at $2.71, up 32.4% from its previous close of $2.05.
  • The company has a market capitalization of $564.41 million and a P/E ratio of -136.00 with significant institutional investor interest, owning 54.63% of the stock.
  • International Tower Hill Mines is focused on the Livengood Gold Project in Alaska, which is part of its portfolio of resource exploration projects in Alaska and Nevada.
  • MarketBeat previews top five stocks to own in November.

Shares of International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $2.43 and last traded at $2.71, with a volume of 1247889 shares. The stock had previously closed at $2.05.

International Tower Hill Mines Stock Up 32.4%

The company has a market capitalization of $564.41 million, a P/E ratio of -136.00 and a beta of 0.54. The business has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.07.

Institutional Trading of International Tower Hill Mines

Hedge funds and other institutional investors have recently modified their holdings of the stock. Paulson & CO. Inc. grew its position in shares of International Tower Hill Mines by 9.4% in the first quarter. Paulson & CO. Inc. now owns 70,239,388 shares of the company's stock valued at $44,391,000 after purchasing an additional 6,040,408 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of International Tower Hill Mines by 589.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,600 shares of the company's stock valued at $104,000 after purchasing an additional 103,100 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of International Tower Hill Mines in the second quarter valued at approximately $77,000. Captrust Financial Advisors acquired a new position in shares of International Tower Hill Mines in the second quarter valued at approximately $69,000. Finally, Virtu Financial LLC grew its position in shares of International Tower Hill Mines by 199.7% in the first quarter. Virtu Financial LLC now owns 85,261 shares of the company's stock valued at $54,000 after purchasing an additional 56,814 shares during the last quarter. Institutional investors and hedge funds own 54.63% of the company's stock.

International Tower Hill Mines Company Profile

(Get Free Report)

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.

Further Reading

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