International Tower Hill Mines (NYSEAMERICAN:THM) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a note issued to investors on Monday. The firm set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Price Performance

Shares of International Tower Hill Mines stock opened at $0.52 on Monday. International Tower Hill Mines has a twelve month low of $0.31 and a twelve month high of $0.80.

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

Institutional Trading of International Tower Hill Mines

A hedge fund recently bought a new stake in International Tower Hill Mines stock. Herr Investment Group LLC purchased a new position 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 Securities and Exchange Commission. The firm purchased 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned about 1.03% of International Tower Hill Mines at the end of the most recent reporting period. 54.63% of the stock is owned by institutional investors and hedge funds.

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.