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

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

International Tower Hill Mines Price Performance

Shares of NYSEAMERICAN THM opened at $0.42 on Thursday. International Tower Hill Mines has a one year low of $0.33 and a one year high of $0.80. The stock has a market cap of $84.81 million, a price-to-earnings ratio of -21.24 and a beta of 1.18.

Institutional Investors Weigh In On International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC bought a new stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned about 1.03% of International Tower Hill Mines as of its most recent SEC filing. Institutional investors own 54.63% of the company’s stock.

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.