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International Tower Hill Mines Ltd [THM] Investment Guide: What You Need to Know

International Tower Hill Mines Ltd’s recent filing unveils that its 10% Owner PAULSON & CO. INC. acquired Company’s shares for reported $1.51 million on Jan 18 ’24. In the deal valued at $0.66 per share,2,268,256 shares were bought. As a result of this transaction, PAULSON & CO. INC. now holds 64,198,980 shares worth roughly $28.89 million.

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Barclays initiated its International Tower Hill Mines Ltd [THM] rating to an Overweight in a research note published on October 05, 2020; the price target was $5. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. H.C. Wainwright began covering THM with “Buy” recommendation on August 13, 2014. BMO Capital Markets revised its rating on April 15, 2013. It rated THM as “an Underperform” which previously was an “a Market perform”.

Price Performance Review of THM

On Tuesday, International Tower Hill Mines Ltd [AMEX:THM] saw its stock fall -9.50% to $0.45. Over the last five days, the stock has lost -8.61%. International Tower Hill Mines Ltd shares have fallen nearly -23.45% since the year began. Nevertheless, the stocks have risen 6.87% over the past one year. While a 52-week high of $0.80 was reached on 04/12/24, a 52-week low of $0.31 was recorded on 07/02/24. SMA at 50 days reached $0.6070, while 200 days put it at $0.5416. A total of 0.27 million shares were traded, compared to the trading of 35300.0 shares in the previous session.

Levels Of Support And Resistance For THM Stock

The 24-hour chart illustrates a support level at 0.4305, which if violated will result in even more drops to 0.4133. On the upside, there is a resistance level at 0.4800. A further resistance level may holdings at 0.5123. The Relative Strength Index (RSI) on the 14-day chart is 23.51, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0316, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.08%. Stochastics%K at 10.94% indicates the stock is a buying.

The most recent change occurred on October 02, 2009 when Thomas Weisel began covering the stock and recommended ‘”an Overweight”‘ rating along with a $6.50 price target.

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