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 published on Wednesday morning. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Price Performance

Shares of International Tower Hill Mines stock opened at $0.63 on Wednesday. International Tower Hill Mines has a fifty-two week low of $0.33 and a fifty-two week high of $0.80. The stock has a market capitalization of $125.74 million, a price-to-earnings ratio of -31.49 and a beta of 1.20.

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 for the quarter.

Institutional Trading of International Tower Hill Mines

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. raised its holdings in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,878,009 shares of the mining company’s stock after buying an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned about 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent SEC filing. Hedge funds and other 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.