International Tower Hill Mines (NYSEAMERICAN:THM) Earns Sell Rating from Analysts at StockNews.com

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

International Tower Hill Mines Stock Up 6.4 %

NYSEAMERICAN THM opened at $0.57 on Friday. The firm has a market capitalization of $114.74 million, a P/E ratio of -28.73 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 released 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

A hedge fund recently bought a new stake 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) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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. Hedge funds and other 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.