International Tower Hill Mines (NYSEAMERICAN:THM) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note issued to investors on Sunday. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

NYSEAMERICAN:THM opened at $0.52 on Friday. International Tower Hill Mines has a one year low of $0.31 and a one year high of $0.80. The company has a market cap of $103.16 million, a P/E ratio of -25.83 and a beta of 1.19.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last released its quarterly earnings results on Friday, August 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Trading of International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC purchased a new stake in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned approximately 1.03% of International Tower Hill Mines at the end of the most recent quarter. Institutional investors own 54.63% of the company’s stock.

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.