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

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

International Tower Hill Mines Trading Down 2.2 %

Shares of NYSEAMERICAN THM opened at $0.51 on Thursday. The company has a market capitalization of $101.82 million, a price-to-earnings ratio of -25.50 and a beta of 1.19. International Tower Hill Mines has a 12 month low of $0.31 and a 12 month high of $0.80.

Institutional Trading of International Tower Hill Mines

A number of large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in shares of International Tower Hill Mines by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock worth $1,984,000 after purchasing an additional 28,358 shares during the last quarter. Herr Investment Group LLC bought a new stake in shares of International Tower Hill Mines during the first quarter worth $1,416,000. Finally, Atria Wealth Solutions Inc. grew its holdings 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 purchasing an additional 18,000 shares during the last quarter. 54.63% of the stock is currently owned by 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.