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

Analysts at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research report issued on Saturday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

Shares of THM stock opened at $0.49 on Friday. The firm has a market cap of $98.73 million, a P/E ratio of -24.72 and a beta of 1.23. International Tower Hill Mines has a twelve month low of $0.31 and a twelve month high of $0.80.

Institutional Investors Weigh In On International Tower Hill Mines

Several institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in International Tower Hill Mines by 1.0% in the first quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock worth $1,984,000 after acquiring an additional 28,358 shares in the last quarter. Herr Investment Group LLC purchased a new stake in shares of International Tower Hill Mines in the first quarter worth approximately $1,416,000. Finally, Atria Wealth Solutions Inc. raised its stake in shares of International Tower Hill Mines by 54.5% in 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.