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

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

International Tower Hill Mines Stock Up 2.7 %

Shares of THM opened at $0.36 on Monday. The company’s fifty day moving average is $0.42 and its 200-day moving average is $0.50. The firm has a market cap of $69.74 million, a price-to-earnings ratio of -35.60 and a beta of 0.77. International Tower Hill Mines has a 12 month low of $0.31 and a 12 month high of $0.75.

Institutional Trading of International Tower Hill Mines

Several large investors have recently modified their holdings of THM. Renaissance Technologies LLC lifted its holdings in shares of International Tower Hill Mines by 187.3% during the 1st quarter. Renaissance Technologies LLC now owns 215,462 shares of the mining company’s stock worth $211,000 after acquiring an additional 140,462 shares during the period. Virtu Financial LLC lifted its holdings in shares of International Tower Hill Mines by 314.9% during the 4th quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock worth $26,000 after acquiring an additional 46,910 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of International Tower Hill Mines by 15.8% during the 2nd quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock worth $85,000 after acquiring an additional 27,713 shares during the period. 53.78% of the stock is owned by institutional investors.

About International Tower Hill Mines

International Tower Hill Mines Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. It holds or has rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska.