International Tower Hill Mines (NYSEAMERICAN:THM) Research Coverage Started at StockNews.com

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

International Tower Hill Mines Stock Down 4.5 %

International Tower Hill Mines stock opened at $0.58 on Friday. The company has a market capitalization of $116.08 million, a price-to-earnings ratio of -29.07 and a beta of 1.18. 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 posted 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 purchased a new position in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned about 1.03% of International Tower Hill Mines at the end of the most recent reporting period. Institutional investors own 54.63% of the company’s stock.

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.