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

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

International Tower Hill Mines Stock Performance

NYSEAMERICAN:THM traded down $0.01 during midday trading on Thursday, hitting $0.43. 169,190 shares of the company traded hands, compared to its average volume of 146,455. International Tower Hill Mines has a 12-month low of $0.33 and a 12-month high of $0.80.

Institutional Investors Weigh In On International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. grew its stake in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 about 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent quarter. 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.