International Tower Hill Mines (NYSEAMERICAN:THM) Research Coverage Started 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 Stock Performance

Shares of International Tower Hill Mines stock opened at $0.49 on Friday. The company has a market cap of $98.81 million, a P/E ratio of -24.74 and a beta of 1.19. International Tower Hill Mines has a twelve month low of $0.31 and a twelve month high of $0.80.

Hedge Funds Weigh In On International Tower Hill Mines

Several institutional investors have recently bought and sold shares of the stock. Herr Investment Group LLC purchased a new position in International Tower Hill Mines during the first quarter valued at $1,416,000. Russell Investments Group Ltd. grew its stake 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 worth $1,984,000 after buying an additional 28,358 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in shares of International Tower Hill Mines by 54.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after buying an additional 18,000 shares in the last quarter. 54.63% of the stock is 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.