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

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note published on Friday. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Trading Down 4.0 %

Shares of THM opened at $0.48 on Friday. The stock has a market cap of $95.81 million, a price-to-earnings ratio of -24.00 and a beta of 1.18. International Tower Hill Mines has a 1 year low of $0.33 and a 1 year high of $0.80.

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

Institutional Investors Weigh In On International Tower Hill Mines

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. raised its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,878,009 shares of the mining company’s stock after acquiring an additional 28,358 shares during the period. Russell Investments Group Ltd. owned about 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent filing with the SEC. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.