International Tower Hill Mines (NYSEAMERICAN:THM) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report issued on Wednesday morning. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Price Performance

Shares of THM opened at $0.46 on Wednesday. International Tower Hill Mines has a 52-week low of $0.34 and a 52-week high of $0.80. The firm has a market capitalization of $92.06 million, a price-to-earnings ratio of -22.43 and a beta of 1.18.

Institutional Trading of International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. grew its holdings in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,878,009 shares of the mining company’s stock after purchasing an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 54.63% of the company’s stock.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.