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

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

International Tower Hill Mines Trading Down 14.0 %

Shares of NYSEAMERICAN THM opened at $0.50 on Friday. The stock has a market cap of $99.85 million, a PE ratio of -25.00 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 announced its quarterly earnings results on Friday, August 9th. The mining company reported ($0.01) EPS for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in International Tower Hill Mines stock. Herr Investment Group LLC bought a new position in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned 1.03% of International Tower Hill Mines at the end of the most recent quarter. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

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.