StockNews.com Initiates Coverage on International Tower Hill Mines (NYSEAMERICAN:THM)

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

International Tower Hill Mines Stock Performance

Shares of International Tower Hill Mines stock opened at $0.53 on Wednesday. International Tower Hill Mines has a 12 month low of $0.31 and a 12 month high of $0.80. The firm has a market capitalization of $105.32 million, a PE ratio of -26.37 and a beta of 1.19.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last announced its earnings results on Friday, August 9th. The mining company reported ($0.01) earnings per share for the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in International Tower Hill Mines by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock worth $1,984,000 after buying an additional 28,358 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of International Tower Hill Mines by 54.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after acquiring an additional 18,000 shares in the last quarter. Finally, Herr Investment Group LLC acquired a new stake in shares of International Tower Hill Mines in the 1st quarter worth approximately $1,416,000. Hedge funds and other 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.