StockNews.com Initiates Coverage on International Tower Hill Mines (NYSEAMERICAN:THM)

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

International Tower Hill Mines Stock Performance

THM opened at $0.70 on Monday. The stock has a market capitalization of $139.98 million, a PE ratio of -35.05 and a beta of 1.20. International Tower Hill Mines has a 12 month low of $0.33 and a 12 month high of $0.80.

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

Institutional Investors Weigh In On International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC bought a new stake in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned 1.03% of International Tower Hill Mines as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.