Uncovering Institutional Buying In International Tower Hill Mines Ltd. (AMEX: THM)


    Sprott Asset Management USA, Inc. recently announced the acquisition of new stake in International Tower Hill Mines Ltd. (AMEX:THM). The institutional investor has increased its shareholding in the Basic Materials company by 0.78% to 30.21 million shares with purchase of 0.23 million shares. This fresh investment now brings its stake to 16.11% valued currently at $34.14 million. In addition, Sprott Asset Management LP raised its holdings by 29.94 million to 29.97 million shares.

    With over 0.43 million International Tower Hill Mines Ltd. (THM) shares trading Friday and a closing price of $1.98 on the day, the dollar volume was approximately $0.85 million. The shares have shown a positive weekly performance of 13.79% and its price on 07/10/20 gained nearly 0.51%. Currently, there are 187.57M common shares owned by the public and among those 186.51M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for THM have a consensus price objective of $0.50. The analysts have set the share’s price value over the next 12 months at a high of $0.50 and a low of $0.50 should the stock experience a downside. But an upside of -296.0% will see the stock hit the forecast high price target while mean target price for the stock is $0.50.

    Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in International Tower Hill Mines Ltd. are Sprott Gold Equity Fund, Kopernik Global All Cap Fund, and Falcon Fund SICAV – Sprott Falcon. Sprott Gold Equity Fund owns 26.07 million shares of the company’s stock, all valued at over $29.46 million. Falcon Fund SICAV – Sprott Falcon now owns shares totaling to 1.24% of the shares outstanding.

    Shares of International Tower Hill Mines Ltd. (AMEX: THM) opened at $2.09, up $0.12 from a prior closing price of $1.97. However, the script later closed the day at $1.98, up 0.51%. The company’s stock has a 5-day price change of 13.79% and 382.93% over the past three months. THM shares are trading 266.80% year to date (YTD), with the 12-month market performance up to 241.44% higher. It has a 12-month low price of $0.33 and touched a high of $2.27 over the same period. Currently, 0.43 million shares have been traded, compared to an average intraday trading volume of 777.31K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 28.78%, 77.20%, and 201.76% respectively.

    Institutional ownership of International Tower Hill Mines Ltd. (AMEX: THM) shares accounts for 25.80% of the company’s 187.57M shares outstanding. Mutual fund holders own 43.50%, while other institutional holders and individual stakeholders account for 51.32% and 19.93% respectively.

    It has a market capitalization of $379.84M and a beta (3y monthly) value of 0.68. The earnings-per-share (ttm) stands at -$0.02. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.81% over the week and 11.64% over the month.

    Analysts forecast that International Tower Hill Mines Ltd. (THM) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.

    Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the THM, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on August 13, 2014, with the firm’s price target at $1. BMO Capital Markets coverage for the International Tower Hill Mines Ltd. (THM) stock in a research note released on April 15, 2013 offered a Underperform rating with a price target of.


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