International Tower Hill Mines (NYSEAMERICAN:THM) Now Covered by StockNews.com

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

International Tower Hill Mines Trading Down 2.3 %

Shares of THM opened at $0.57 on Friday. International Tower Hill Mines has a 52 week low of $0.32 and a 52 week high of $0.80. The company has a market capitalization of $114.36 million, a PE ratio of -28.64 and a beta of 1.19.

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

Hedge Funds Weigh In On International Tower Hill Mines

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. grew its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,878,009 shares of the mining company’s stock after acquiring 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 at the end of the most recent reporting period. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

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.