StockNews.com Begins Coverage on International Tower Hill Mines (NYSEAMERICAN:THM)

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

International Tower Hill Mines Trading Up 4.5 %

Shares of THM stock opened at $0.45 on Friday. International Tower Hill Mines has a 52 week low of $0.31 and a 52 week high of $0.80. The firm has a market cap of $89.46 million, a PE ratio of -22.40 and a beta of 1.19.

Institutional Trading of International Tower Hill Mines

Hedge funds and other institutional investors have recently modified their holdings of the stock. Herr Investment Group LLC bought a new position in International Tower Hill Mines in the first quarter valued at about $1,416,000. Russell Investments Group Ltd. increased 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 in the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings 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 acquiring an additional 18,000 shares in the last quarter. Institutional investors and hedge funds 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.