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

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report published on Friday morning. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Price Performance

NYSEAMERICAN THM opened at $0.48 on Friday. International Tower Hill Mines has a 12 month low of $0.33 and a 12 month high of $0.80. The company has a market capitalization of $95.81 million, a PE ratio of -24.00 and a beta of 1.18.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. raised its position in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,878,009 shares of the mining company’s stock after acquiring an additional 28,358 shares during the period. Russell Investments Group Ltd. owned approximately 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent quarter. 54.63% of the stock is currently 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.