IFP Advisors, Inc. has recently announced that it has increased stake in International Tower Hill Mines Ltd. (AMEX:THM) by 6.50%. After grabbing 0.17 million shares, the institutional investor is now in possession of 10630.0 shares of the Basic Materials Company. The new investment brought the stake of investor firm to 0.09% having worth around $76235.0.
International Tower Hill Mines Ltd. (THM) concluded trading on 01/12/23 at a closing price of $0.55, with 0.63 million shares of worth about $0.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.15% during that period and on Thursday the price saw a gain of about 11.40%. Currently the company’s common shares owned by public are about 195.31M shares, out of which, 194.22M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the THM stock and their offered price forecasts bring an average price target of $2.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.00 and could fall to a lowest price of $2.00. However, touching the estimated high of $2.00 would mean a gain of 72.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 18 times over the past 12 months. They bought 420,000 shares in 6 of the transactions. In 12 selling transactions, insiders dumped 240,000 shares.
Sprott Gold Equity Fund, Kopernik Global All Cap Fund, and Heptagon Fund Plc – Kopernik Glob are the top 3 mutual funds which are holding stakes in International Tower Hill Mines Ltd. Sprott Gold Equity Fund is currently holding 26.78 million shares of worth totaling $11.73 million. The company recently came buying 0.0 shares which brought its stake up to 13.71% of the company’s outstanding shares. Heptagon Fund Plc – Kopernik Glob, after buying 3.3 million shares, have now control over 1.69% of the stake in the company. It holds 0.0 shares of worth $1.45 million.
International Tower Hill Mines Ltd. (AMEX: THM) started trading at $0.51, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 0.5600, or with a gain of 11.40%. Stock saw a price change of 13.44% in past 5 days and over the past one month there was a price change of 22.27%. Year-to-date (YTD), THM shares are showing a performance of 29.40% which decreased to -31.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.38 but also hit the highest price of $1.23 during that period. The average intraday trading volume for International Tower Hill Mines Ltd. shares is 106.93K. The stock is currently trading 24.00% above its 20-day simple moving average (SMA20), while that difference is up 21.14% for SMA50 and it goes to -7.06% lower than SMA200.
IFP Advisors, Inc. acquired 0.17 million shares of International Tower Hill Mines Ltd. having value of about $76235.0. Data submitted at the U.S SEC by IFP Advisors, Inc. revealed that the firm now holds 10630.0 shares in the company valued at close to $5846.5, or have control over 6.50% stake in the company. International Tower Hill Mines Ltd. (AMEX: THM) currently have 195.31M outstanding shares and institutions hold larger chunk of about 25.80% of that. Holding of mutual funds in the company is about 35.83% while other institutional holders and individual stake holders have control over 45.77% and 19.83% of the stake respectively.
The stock has a current market capitalization of $105.87M and its 3Y-monthly beta is at 0.64. It has posted earnings per share of -$0.02 in the same period. It has Quick Ratio of 31.40 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for THM, volatility over the week remained 8.21% while standing at 8.03% over the month.
Analysts are in expectations that International Tower Hill Mines Ltd. (THM) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -28.90%.
Analysts at 1 brokerage firms have issued recommendations for the International Tower Hill Mines Ltd. (THM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on October 05, 2020 offering an Overweight rating for the stock and assigned a target price of $5 to it. Coverage by B. Riley Securities stated International Tower Hill Mines Ltd. (THM) stock as a Buy in their note to investors on October 05, 2020, suggesting a price target of $5 for the stock. Stock get an Overweight rating from Thomas Weisel on October 02, 2009.