International Tower Hill Mines (THM)
Market Price (10/21/2026): $2.1 | Market Cap: $549.4 MilSector: Materials | Industry: Gold
International Tower Hill Mines (THM)
Market Price (10/21/2026): $2.1Market Cap: $549.4 MilSector: MaterialsIndustry: Gold
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% Megatrend and thematic driversMegatrends include Global Resource Supply. Themes include Precious Metals Mining. | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -10 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.6% Key risksTHM key risks include [1] financing the massive ~$1.9B capital expenditure required for its single Livengood project and [2] the project's economic viability being highly dependent on elevated gold prices due to its high-cost, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% |
| Megatrend and thematic driversMegatrends include Global Resource Supply. Themes include Precious Metals Mining. |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -10 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.6% |
| Key risksTHM key risks include [1] financing the massive ~$1.9B capital expenditure required for its single Livengood project and [2] the project's economic viability being highly dependent on elevated gold prices due to its high-cost, Show more. |
Qualitative Assessment
AI Analysis | Feedback
International Tower Hill Mines (THM) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. Advancement of the Livengood Gold Project: International Tower Hill Mines continued to advance its flagship Livengood Gold Project in Alaska since Q2 2026, initiating a feasibility study and an expanded drilling program in 2026 to further characterize the 13.6 million ounces in gold resources and 9.0 million ounces in proven and probable reserves. The company announced the launch of its drilling program in May 2026 and stated it would use its raised capital to support feasibility studies and metallurgical work.
2. New Executive Leadership Appointment: Effective July 27, 2026, International Tower Hill Mines announced a significant executive leadership transition, appointing David Wiens as Chief Executive Officer and Director, and Shane Parrow as President, Chief Operating Officer, and Director. This new leadership team was brought in to leverage their extensive experience in capital markets, project financing, and Alaskan operations to advance the Livengood project through its feasibility, permitting, and development phases.
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International Tower Hill Mines (THM) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. Advancement of the Livengood Gold Project: International Tower Hill Mines continued to advance its flagship Livengood Gold Project in Alaska since Q2 2026, initiating a feasibility study and an expanded drilling program in 2026 to further characterize the 13.6 million ounces in gold resources and 9.0 million ounces in proven and probable reserves. The company announced the launch of its drilling program in May 2026 and stated it would use its raised capital to support feasibility studies and metallurgical work.
2. New Executive Leadership Appointment: Effective July 27, 2026, International Tower Hill Mines announced a significant executive leadership transition, appointing David Wiens as Chief Executive Officer and Director, and Shane Parrow as President, Chief Operating Officer, and Director. This new leadership team was brought in to leverage their extensive experience in capital markets, project financing, and Alaskan operations to advance the Livengood project through its feasibility, permitting, and development phases.
3. Strengthened Financial Position from Equity Financing: The company reported a strengthened balance sheet in its Q2 2026 financial results, filed on August 12, 2026, highlighting $110.1 million in working capital. This robust financial position was largely due to approximately $118.1 million raised through equity financings in the first half of fiscal year 2026 (H1 2026) at $2.22 per share, which management allocated towards an expanded $20-25 million work program for the Livengood Gold Project in 2026.
4. Favorable Gold Price Environment: The macroeconomic backdrop of a supportive gold price environment contributed to the positive sentiment for gold developers like International Tower Hill Mines. Spot gold prices were holding near two-month highs above $4,400 per ounce, with J.P. Morgan forecasting prices averaging $6,000 per ounce by Q4 2026, providing a favorable outlook for the value of the Livengood Gold Project. Gold's average closing price this year was $4,530.32 per ounce.
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Stock Movement Drivers
Fundamental Drivers
The 6.0% change in THM stock from 6/30/2026 to 10/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302026 | 10202026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.99 | 2.11 | 6.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 246 | 262 | -6.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
6/30/2026 to 10/20/2026| Return | Correlation | |
|---|---|---|
| THM | 6.0% | |
| Market (SPY) | 3.0% | 32.5% |
| Sector (XLB) | 0.8% | 47.5% |
Fundamental Drivers
The -8.3% change in THM stock from 3/31/2026 to 10/20/2026 was primarily driven by a -18.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10202026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.30 | 2.11 | -8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 213 | 262 | -18.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2026 to 10/20/2026| Return | Correlation | |
|---|---|---|
| THM | -8.3% | |
| Market (SPY) | 18.6% | 43.5% |
| Sector (XLB) | 2.9% | 50.1% |
Fundamental Drivers
The 28.7% change in THM stock from 9/30/2025 to 10/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 10202026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.64 | 2.11 | 28.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 208 | 262 | -20.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
9/30/2025 to 10/20/2026| Return | Correlation | |
|---|---|---|
| THM | 28.7% | |
| Market (SPY) | 16.4% | 35.9% |
| Sector (XLB) | 15.9% | 45.0% |
Fundamental Drivers
The 499.4% change in THM stock from 9/30/2023 to 10/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10202026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.35 | 2.11 | 499.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 195 | 262 | -25.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
9/30/2023 to 10/20/2026| Return | Correlation | |
|---|---|---|
| THM | 499.4% | |
| Market (SPY) | 86.1% | 21.5% |
| Sector (XLB) | 37.5% | 29.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| THM Return | -47% | -42% | 38% | -22% | 308% | 14% | 54% |
| Peers Return | 350% | -20% | -16% | 34% | 184% | -5% | 998% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| THM Win Rate | 17% | 33% | 42% | 42% | 83% | 60% | |
| Peers Win Rate | 38% | 35% | 47% | 45% | 65% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| THM Max Drawdown | -57% | -66% | -53% | -49% | -47% | -52% | |
| Peers Max Drawdown | -45% | -56% | -51% | -46% | -35% | -49% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NG, SA, PPTA, IAUX, VGZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/20/2026 (YTD)
How Low Can It Go
| Event | THM | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -19.9% | -7.8% |
| % Gain to Breakeven | 24.9% | 8.5% |
| Time to Breakeven | 11 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.2% | -9.5% |
| % Gain to Breakeven | 26.9% | 10.5% |
| Time to Breakeven | 11 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.9% | -6.7% |
| % Gain to Breakeven | 53.5% | 7.1% |
| Time to Breakeven | 180 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.1% | -24.5% |
| % Gain to Breakeven | 75.8% | 32.4% |
| Time to Breakeven | 541 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.0% | -33.7% |
| % Gain to Breakeven | 51.4% | 50.9% |
| Time to Breakeven | 55 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.8% | -19.2% |
| % Gain to Breakeven | 21.6% | 23.8% |
| Time to Breakeven | 21 days | 105 days |
In The Past
International Tower Hill Mines's stock fell -5.8% during the 2025 US Tariff Shock. Such a loss loss requires a 6.1% gain to breakeven.
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| Event | THM | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.2% | -9.5% |
| % Gain to Breakeven | 26.9% | 10.5% |
| Time to Breakeven | 11 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -34.9% | -6.7% |
| % Gain to Breakeven | 53.5% | 7.1% |
| Time to Breakeven | 180 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -43.1% | -24.5% |
| % Gain to Breakeven | 75.8% | 32.4% |
| Time to Breakeven | 541 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.0% | -33.7% |
| % Gain to Breakeven | 51.4% | 50.9% |
| Time to Breakeven | 55 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -49.4% | -3.7% |
| % Gain to Breakeven | 97.5% | 3.9% |
| Time to Breakeven | 1254 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -31.9% | -12.2% |
| % Gain to Breakeven | 46.9% | 13.9% |
| Time to Breakeven | 4 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -72.6% | -6.8% |
| % Gain to Breakeven | 264.7% | 7.3% |
| Time to Breakeven | 105 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -70.3% | -0.2% |
| % Gain to Breakeven | 236.7% | 0.2% |
| Time to Breakeven | 166 days | 1 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -56.8% | -53.4% |
| % Gain to Breakeven | 131.4% | 114.4% |
| Time to Breakeven | 88 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -26.9% | -8.6% |
| % Gain to Breakeven | 36.8% | 9.5% |
| Time to Breakeven | 600 days | 47 days |
In The Past
International Tower Hill Mines's stock fell -5.8% during the 2025 US Tariff Shock. Such a loss loss requires a 6.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About International Tower Hill Mines (THM)
International Tower Hill Mines Ltd. (THM) is a mineral exploration company primarily focused on the acquisition, exploration, and development of mineral properties. Its flagship asset is the Livengood gold project, a significant land holding covering approximately 19,546 hectares located northwest of Fairbanks, Alaska.
The company's core business revolves around identifying and proving up economically viable gold deposits. While currently in the exploration and development phase, its main "product" will ultimately be gold, extracted from the Livengood project once it progresses to a potential mining operation. This involves extensive geological surveying, drilling, and resource modeling to assess the project's potential.
As an exploration and development company, International Tower Hill Mines primarily serves the market of investors seeking exposure to the precious metals sector, particularly gold. These investors typically participate in the company's growth story as it works to advance its Livengood project towards potential production or strategic partnership, ultimately aiming to capitalize on future gold market prices.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe International Tower Hill Mines (THM):
- A startup Barrick Gold, focused on developing a single, massive gold deposit.
- A biotech company with a blockbuster drug candidate in late-stage clinical trials, but years away from market.
AI Analysis | Feedback
- Mineral Property Acquisition: The company acquires rights and interests in mineral properties with exploration potential.
- Mineral Exploration: It conducts geological surveys and drilling to discover and delineate gold deposits, specifically at its Livengood project.
- Mineral Property Development: The company undertakes activities to advance its discovered gold projects towards potential mining operations.
AI Analysis | Feedback
International Tower Hill Mines Ltd. (THM) is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties, specifically the Livengood gold project in Alaska. As an exploration company, it is in the pre-production phase and does not currently produce or sell gold or other mineral products.
Therefore, International Tower Hill Mines Ltd. does not have major customers in the traditional sense, as it is not yet generating revenue from the sale of minerals to other companies or individuals.
AI Analysis | Feedback
AI Analysis | Feedback
Karl L. Hanneman Chief Executive Officer
Mr. Hanneman was appointed Chief Executive Officer in February 2017 and has over 30 years of Alaska-based mining experience. He was previously the Chief Operating Officer for International Tower Hill Mines, joining the company in May 2010. His experience includes a key role in successfully resolving permitting issues at the Red Dog Mine and serving as Alaska Regional Manager during the initial development and permitting of the Pogo Gold Mine for Teck/Sumitomo. Mr. Hanneman also serves as a director of Usibelli Coal Mine, Inc., a private company, and Northrim BanCorp, Inc., a public bank holding company.
David A. Cross Chief Financial Officer
Mr. Cross was appointed Chief Financial Officer in May 2015. He is a Chartered Professional Accountant with a background in public accounting and financial management, specifically for junior mineral exploration companies. His past experience includes officer, director, and senior management positions, as well as five years at Davidson & Company LLP Chartered Accountants. Mr. Cross is also the CFO of several other junior mineral exploration companies and remains a partner in Cross Davis & Company LLP.
Debbie L. Evans Corporate Controller & Corporate Secretary
Ms. Evans has 20 years of experience in mine controller and mine accounting positions. Before joining International Tower Hill Mines, she served as the Mines Controller for the Kensington Mine operated by Coeur Alaska Inc., Controller at the Fort Knox Mine, and Chief Accountant for the East Boulder Mine. She also held senior accounting positions at the Stillwater, Round Mountain, and ASARCO Mines.
AI Analysis | Feedback
International Tower Hill Mines Ltd. (THM) faces several significant risks inherent to its business model as a pre-revenue mineral exploration and development company focused on a single large-scale gold project.
- Significant Capital Requirements and Funding Risk: The Livengood Gold Project requires substantial capital investment, with initial capital expenditures estimated between $1.84 billion and $1.93 billion to bring the mine into production. As a company generating no revenue, International Tower Hill Mines is reliant on equity financing to fund its operations and advance the project. While recent financing efforts have raised capital, the sheer magnitude of the required investment poses an ongoing challenge, and the project's economics are highly sensitive to the cost of capital and overall funding availability.
- Permitting and Regulatory Challenges: The successful development of the Livengood Gold Project is subject to obtaining numerous environmental and operating permits from various governmental agencies. The permitting process for large-scale mining projects, particularly in regions like Alaska, can be lengthy, complex, and subject to delays or opposition. Difficulties or delays in securing the necessary permits could significantly impede project development and impact its economic viability.
- Gold Price Volatility: The economic viability of the Livengood Gold Project is highly sensitive to fluctuations in the market price of gold. Pre-Feasibility Study results have indicated that the project is only marginally viable at certain gold price assumptions, with a relatively low internal rate of return (IRR) at lower gold prices. A sustained decline in gold prices could negatively impact the project's profitability and its ability to attract necessary financing for development.
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AI Analysis | Feedback
- Global Gold Market: The global gold market size was 4,890.0 tons in 2025 and is projected to grow to 5,118.1 tons in 2026 and 7,424.4 tons by 2034, with a compound annual growth rate (CAGR) of 4.70% during the forecast period. In terms of value, the global gold market was estimated at USD 291.68 billion in 2024 and is projected to reach USD 400 billion by the end of 2030, growing at a CAGR of 6.51% from 2025 to 2030.
- U.S. Gold Market: The U.S. gold market is expected to reach 343.7 tons in 2026. More broadly, the U.S. precious metal market, in which gold was the largest revenue-generating metal in 2024, generated USD 30,277.7 million in 2024 and is expected to reach USD 48,432.4 million by 2030.
- Alaska Gold Market (Gold & Silver Ore Mining Industry): The market size of the Gold & Silver Ore Mining industry in Alaska is projected to be USD 2.0 billion in 2026. Gold production from Alaska mines in 2024 accounted for approximately USD 2 billion, representing about half of the total value of minerals produced in the state.
AI Analysis | Feedback
International Tower Hill Mines Ltd. (THM) is a mineral exploration company primarily focused on advancing its Livengood gold project in Alaska. As a pre-revenue development-stage company, its future revenue growth over the next 2-3 years will be driven by key milestones that enhance the project's value and move it closer to production or monetization.
Here are 3-5 expected drivers of future revenue growth for International Tower Hill Mines:
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Advancement of the Livengood Gold Project through Feasibility and Permitting: International Tower Hill Mines' primary focus and a key driver of future revenue potential is the progression of its Livengood Gold Project through critical development phases, including comprehensive feasibility studies and securing necessary permits. The company recently completed an approximate $115 million financing round in January 2026, with a significant portion allocated to these studies and community engagement efforts to advance the project. Successful completion of these stages will de-risk the project, making it more attractive for further investment and ultimately paving the way for a construction decision and eventual gold production.
-
Successful Development and Monetization of Antimony as a Co-Product: The Livengood deposit contains massive stibnite (antimony) veins, and International Tower Hill Mines has initiated metallurgical studies to determine the economic viability of recovering antimony as a co-product. Positive results from these studies and the potential to establish a recoverable antimony resource could introduce an additional revenue stream, significantly enhancing the overall economics and value proposition of the Livengood project.
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Securing Substantial Project Financing or Strategic Partnerships: The Livengood Gold Project has an estimated initial capital expenditure of $1.93 billion. Future revenue generation from the mine is contingent on securing this substantial capital. This could involve further significant financing rounds, entering into joint ventures with larger mining companies, or establishing strategic partnerships that provide the necessary funding and expertise to transition the project from development to construction and operation.
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Favorable Gold Price Environment: While International Tower Hill Mines is currently pre-revenue, the long-term profitability and attractiveness of its Livengood project are highly sensitive to gold prices. A sustained high gold price environment significantly increases the project's net present value (NPV) and internal rate of return (IRR), as illustrated by a pre-feasibility study showing a marginal 5.3% IRR at $1,680/oz gold. Elevated gold prices make the substantial capital investment more appealing, thereby accelerating the path to project development and eventual gold sales revenue.
AI Analysis | Feedback
International Tower Hill Mines (THM) has made the following capital allocation decisions over the last 3-5 years:
Share Issuance
- In January 2026, the company completed an upsized equity financing, raising approximately US$115 million (upsized to ~$118 million with underwriters' option) through a public offering and a concurrent private placement.
- A non-brokered private placement in March 2025 issued 8,192,031 common shares, generating gross proceeds of approximately US$3.9 million.
- In January 2024, the company issued 3,807,911 common shares through a non-brokered private placement, raising gross proceeds of approximately US$2.5 million.
Inbound Investments
- Paulson & Co. Inc. participated in the January 2026 equity financing with an initial investment of US$40 million and an additional US$3.3 million.
- As of July 2025, Paulson & Co. Inc. was the largest shareholder, holding a 34% stake in International Tower Hill Mines.
- Existing major shareholders participated in private placements in March 2025 and January 2024.
Capital Expenditures
- Capital expenditures are primarily focused on advancing the Livengood Gold Project, encompassing activities such as drilling, metallurgical studies (including antimony recoverability), feasibility studies, and baseline environmental work.
- The approximately US$118 million gross proceeds from the January 2026 equity financings are specifically allocated to these project advancement activities.
- The Technical Report Summary (TRS) for the Livengood Gold Project estimates the initial capital costs for the project at US$1.93 billion.
Peer Outperformance in Gold
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Copper | 7 | 45.6% | 124.7% | 141.0% | SCCO 280% · TGB 249% · HBM 221% |
| Steel | 14 | 22.4% | 47.5% | 140.3% | STLD 304% · HCC 264% · RS 203% |
| Gold ← | 35 | -2.2% | 173.1% | 120.6% | IAG 517% · OGC 395% · KGC 311% |
| Silver | 6 | 21.7% | 260.7% | 108.6% | AYA 251% · HL 166% · SVM 128% |
| Aluminum | 3 | 5.5% | 164.4% | 60.4% | CENX 109% · KALU 60% · AA -18% |
| Construction Materials | 6 | -21.2% | 26.0% | 41.9% | USLM 359% · CRH 89% · VMC 47% |
| Metal, Glass & Plastic Containers | 11 | -4.1% | 7.0% | 4.8% | GEF 48% · SLGN 7% · ATR 5% |
| Paper & Plastic Packaging Products & Materials | 7 | 15.1% | 15.4% | -4.6% | PKG 104% · CCK 14% · SON 0% |
| Diversified Metals & Mining | 23 | -65.2% | -17.8% | -9.1% | USAR 33658% · MTRN 243% · MP 8% |
| Diversified Chemicals | 3 | 6.8% | 0.5% | -18.2% | CBT 52% · ASH -18% |
| Specialty Chemicals | 41 | 10.1% | 7.6% | -21.1% | NEU 159% · ESI 70% · SXT 56% |
| Commodity Chemicals | 13 | -1.1% | -25.5% | -34.8% | HWKN 259% · MEOH 44% · DOW -33% |
| Precious Metals & Minerals | 8 | -20.2% | 153.0% | -45.4% | PPTA 280% |
| Fertilizers & Agricultural Chemicals | 10 | -45.3% | -54.9% | -61.6% | CF 117% · NTR 14% · MOS -52% |
| Paper Products | 4 | -33.8% | -55.8% | -75.5% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| International Tower Hill Mines Stock Pre-Market (+7.3%) : Momentum From Major $115M Financing | 01/31/2026 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 4.61 |
| Mkt Cap | 1.8 |
| Rev LTM | 0 |
| Op Inc LTM | -31 |
| FCF LTM | -98 |
| FCF 3Y Avg | -55 |
| CFO LTM | -20 |
| CFO 3Y Avg | -15 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 69.7% |
| Rev Chg 3Y Avg | 45.1% |
| Rev Chg Q | -12.5% |
| QoQ Delta Rev Chg LTM | -2.6% |
| Op Inc Chg LTM | -60.7% |
| Op Inc Chg 3Y Avg | -23.8% |
| Op Mgn LTM | -91.9% |
| Op Mgn 3Y Avg | -126.5% |
| QoQ Delta Op Mgn LTM | -13.9% |
| CFO/Rev LTM | -110.9% |
| CFO/Rev 3Y Avg | -119.6% |
| FCF/Rev LTM | -142.9% |
| FCF/Rev 3Y Avg | -142.2% |
Price Behavior
| Market Price | $2.11 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 02/23/2007 | |
| Distance from 52W High | -41.6% | |
| 50 Days | 200 Days | |
| DMA Price | $2.52 | $2.43 |
| DMA Trend | up | up |
| Distance from DMA | -16.4% | -13.3% |
| 3M | 1YR | |
| Volatility | 82.3% | 88.2% |
| Downside Capture | 204.32 | 292.59 |
| Upside Capture | 188.83 | 256.57 |
| Correlation (S&P 500) | 32.2% | 43.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.59 | 2.62 | 2.56 | 2.93 | 2.72 | 1.23 |
| Up Beta | 0.03 | 1.32 | 2.58 | 2.35 | 2.79 | 1.49 |
| Down Beta | 14.60 | 15.79 | 8.23 | 6.21 | 3.60 | 1.02 |
| Up Capture | 167% | 303% | 208% | 252% | 552% | 346% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 21 | 29 | 58 | 116 | 355 |
| Down Capture | 168% | -57% | 65% | 212% | 160% | 98% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 19 | 31 | 61 | 123 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with THM | |
|---|---|---|---|---|
| THM | 5.5% | 88.2% | 0.45 | - |
| Sector ETF (XLB) | 18.2% | 17.8% | 0.78 | 48.2% |
| Equity (SPY) | 16.8% | 12.7% | 0.93 | 41.1% |
| Gold (GLD) | -2.9% | 29.3% | -0.10 | 70.4% |
| Commodities (DBC) | 52.5% | 20.7% | 1.93 | 16.0% |
| Real Estate (VNQ) | 5.1% | 13.8% | 0.11 | 10.2% |
| Bitcoin (BTCUSD) | -23.7% | 43.6% | -0.50 | 38.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with THM | |
|---|---|---|---|---|
| THM | 20.3% | 83.7% | 0.58 | - |
| Sector ETF (XLB) | 6.7% | 19.1% | 0.24 | 26.4% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 19.2% |
| Gold (GLD) | 18.1% | 18.9% | 0.77 | 45.4% |
| Commodities (DBC) | 9.7% | 19.5% | 0.38 | 15.2% |
| Real Estate (VNQ) | 1.4% | 18.9% | -0.03 | 12.4% |
| Bitcoin (BTCUSD) | 7.7% | 51.7% | 0.33 | 19.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with THM | |
|---|---|---|---|---|
| THM | 11.0% | 79.2% | 0.48 | - |
| Sector ETF (XLB) | 10.2% | 20.7% | 0.43 | 17.7% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 12.7% |
| Gold (GLD) | 12.1% | 16.4% | 0.60 | 42.7% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 14.1% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 11.8% |
| Bitcoin (BTCUSD) | 62.9% | 66.2% | 1.03 | 12.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/11/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/11/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/09/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/10/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 03/10/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Insider Activity
Updated 9/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wiens, David Victor | Chief Executive Officer | Direct | Buy | 9182026 | 2.39 | 83,682 | 200,000 | 1,634,872 | Form |
| 2 | Paulson, & CO Inc | Managed Funds | Buy | 4202026 | 2.56 | 4,913,665 | 12,578,982 | 267,485,960 | Form | |
| 3 | Electrum, Global Holdings LP | Direct | Buy | 1292026 | 2.22 | 3,153,153 | 7,000,000 | 7,000,000 | Form | |
| 4 | Paulson, & CO Inc | Managed Funds | Buy | 1272026 | 2.22 | 18,018,018 | 40,000,000 | 195,931,441 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wiens, David Victor | Chief Executive Officer | Direct | Buy | 9182026 | 2.39 | 83,682 | 200,000 | 1,634,872 | Form |
| 2 | Paulson, & CO Inc | Managed Funds | Buy | 4202026 | 2.56 | 4,913,665 | 12,578,982 | 267,485,960 | Form | |
| 3 | Electrum, Global Holdings LP | Direct | Buy | 1292026 | 2.22 | 3,153,153 | 7,000,000 | 7,000,000 | Form | |
| 4 | Paulson, & CO Inc | Managed Funds | Buy | 1272026 | 2.22 | 18,018,018 | 40,000,000 | 195,931,441 | Form |
Investor Activity (13F)
Updated Oct 21, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Gold Resources |
| Kitco News |
| World Gold Council |
| Mining Journal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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