International Tower Hill Mines (NYSEAMERICAN:THM) Announces Earnings Results

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) issued its earnings results on Friday. The mining company reported ($0.01) earnings per share for the quarter, reports.

International Tower Hill Mines Stock Up 7.0 %

Shares of International Tower Hill Mines stock traded up $0.03 during trading hours on Monday, reaching $0.44. 62,625 shares of the stock traded hands, compared to its average volume of 129,827. 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 $87.20 million, a P/E ratio of -21.84 and a beta of 1.19.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on International Tower Hill Mines in a research report on Saturday. They set a “sell” rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Atria Wealth Solutions Inc. lifted its position in shares of International Tower Hill Mines by 54.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after buying an additional 18,000 shares in the last quarter. Herr Investment Group LLC purchased a new position in International Tower Hill Mines during the first quarter valued at approximately $1,416,000. Finally, Russell Investments Group Ltd. boosted its position in shares of 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 purchasing an additional 28,358 shares during the period. 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.