International Tower Hill Mines (NYSEAMERICAN:THM) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report issued on Tuesday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

Shares of THM stock opened at $0.74 on Tuesday. International Tower Hill Mines has a twelve month low of $0.33 and a twelve month high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last posted its quarterly earnings results on Friday, August 9th. The mining company reported ($0.01) EPS for the quarter.

Institutional Trading of International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. boosted its stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,878,009 shares of the mining company’s stock after acquiring an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned about 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent reporting period. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.