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

StockNews.com started coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THMFree Report) (TSE:ITH) in a research note released on Thursday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Trading Down 6.0 %

Shares of NYSEAMERICAN:THM opened at $0.60 on Thursday. The stock has a market capitalization of $119.79 million, a P/E ratio of -30.00 and a beta of 1.19. International Tower Hill Mines has a fifty-two week low of $0.31 and a fifty-two week high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THMGet Free Report) (TSE:ITH) last issued its quarterly earnings results on Friday, March 8th. The mining company reported ($0.01) earnings per share for the quarter.

Institutional Investors Weigh In On International Tower Hill Mines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Herr Investment Group LLC bought a new stake in International Tower Hill Mines in the 1st quarter valued at about $1,416,000. Russell Investments Group Ltd. raised its stake in International Tower Hill Mines by 1.0% in 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 acquiring an additional 28,358 shares during the period. Finally, Atria Wealth Solutions Inc. raised its stake in International Tower Hill Mines by 54.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after acquiring an additional 18,000 shares during the period. 54.63% of the stock is currently owned by institutional investors.

International Tower Hill Mines Company Profile

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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.

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