International Tower Hill Mines (NYSEAMERICAN:THM) Earns Sell Rating from Analysts at StockNews.com

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

International Tower Hill Mines Stock Up 2.8 %

THM stock opened at $0.46 on Wednesday. International Tower Hill Mines has a 52-week low of $0.34 and a 52-week high of $0.80. The firm has a market cap of $92.06 million, a price-to-earnings ratio of -23.05 and a beta of 1.18.

Institutional Investors Weigh In On International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. lifted 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 Securities and Exchange Commission. The firm owned 2,878,009 shares of the mining company’s stock after buying an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent reporting period. 54.63% of the stock is currently owned by 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.