StockNews.com Begins Coverage on International Tower Hill Mines (NYSEAMERICAN:THM)

Stock analysts at StockNews.com started coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Price Performance

NYSEAMERICAN:THM opened at $0.53 on Wednesday. International Tower Hill Mines has a one year low of $0.31 and a one year high of $0.80. The firm has a market cap of $105.32 million, a P/E ratio of -26.37 and a beta of 1.19.

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

Institutional Trading of International Tower Hill Mines

Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in 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. Atria Wealth Solutions Inc. increased its holdings in International Tower Hill Mines by 54.5% in 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 during the period. Finally, Herr Investment Group LLC acquired a new position in shares of International Tower Hill Mines in the 1st quarter valued at $1,416,000. Institutional investors and hedge funds own 54.63% of the company’s stock.

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.