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

StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note issued to investors on Saturday. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

Shares of THM opened at $0.49 on Friday. The stock has a market cap of $98.72 million, a price-to-earnings ratio of -24.72 and a beta of 1.23. International Tower Hill Mines has a 12 month low of $0.31 and a 12 month high of $0.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Herr Investment Group LLC acquired a new stake in International Tower Hill Mines during the 1st quarter valued at approximately $1,416,000. Russell Investments Group Ltd. boosted its stake in shares of International Tower Hill Mines by 1.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock valued at $1,984,000 after buying an additional 28,358 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in shares of International Tower Hill Mines by 54.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after buying an additional 18,000 shares in the last quarter. Institutional investors and hedge funds own 54.63% of the company’s stock.

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.