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 note issued to investors on Friday morning. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Price Performance

International Tower Hill Mines stock traded down $0.01 during midday trading on Friday, hitting $0.67. 45,450 shares of the company’s stock were exchanged, compared to its average volume of 93,576. International Tower Hill Mines has a 12 month low of $0.31 and a 12 month high of $0.80. The stock has a market cap of $132.97 million, a price-to-earnings ratio of -33.25 and a beta of 1.19.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last posted its quarterly earnings data on Friday, March 8th. The mining company reported ($0.01) EPS for the quarter.

Hedge Funds Weigh In On International Tower Hill Mines

A number of institutional investors and hedge funds have recently made changes to their positions in THM. Herr Investment Group LLC acquired a new stake in International Tower Hill Mines in the 1st quarter worth approximately $1,416,000. Russell Investments Group Ltd. grew its position in shares of International Tower Hill Mines by 1.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock valued at $1,984,000 after buying an additional 28,358 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in shares of International Tower Hill Mines by 54.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after purchasing an additional 18,000 shares during the last quarter. 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.