International Tower Hill Mines (NYSEAMERICAN:THM) Coverage Initiated by Analysts at StockNews.com

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

International Tower Hill Mines Trading Up 6.4 %

NYSEAMERICAN:THM opened at $0.55 on Wednesday. International Tower Hill Mines has a twelve month low of $0.33 and a twelve month high of $0.80. The company has a market cap of $109.63 million, a price-to-earnings ratio of -27.45 and a beta of 1.20.

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

Institutional Investors Weigh In On 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 shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the 1st quarter, according to its most recent 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 period. Russell Investments Group Ltd. owned approximately 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent quarter. 54.63% of the stock is owned by hedge funds and other institutional investors.

International Tower Hill Mines Company Profile

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.