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

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

International Tower Hill Mines Price Performance

THM stock opened at $0.67 on Friday. The firm has a market capitalization of $132.97 million, a P/E ratio of -33.30 and a beta of 1.19. International Tower Hill Mines has a 1 year low of $0.31 and a 1 year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last announced its earnings results on Friday, March 8th. The mining company reported ($0.01) EPS for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. increased its stake in International Tower Hill Mines by 54.5% in the fourth 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. Russell Investments Group Ltd. increased its stake in International Tower Hill Mines by 1.0% in the first 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, Herr Investment Group LLC bought a new stake in International Tower Hill Mines in the first quarter valued at about $1,416,000. 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.