StockNews.com Initiates Coverage on International Tower Hill Mines (NYSE:THM)

Research analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM) in a report issued on Sunday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Stock Performance

Shares of NYSE THM opened at $0.50 on Friday. The business’s 50 day simple moving average is $0.48. The firm has a market capitalization of $99.05 million, a P/E ratio of -24.80 and a beta of 1.10. International Tower Hill Mines has a 12-month low of $0.40 and a 12-month high of $0.80.

Institutional Investors Weigh In On International Tower Hill Mines

Institutional investors have recently added to or reduced their stakes in the company. Tradition Wealth Management LLC acquired a new stake in International Tower Hill Mines in the fourth quarter worth approximately $28,000. Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter valued at $38,000. Northern Trust Corp bought a new position in shares of International Tower Hill Mines in the fourth quarter valued at $46,000. Finally, Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter valued at $106,000. 54.63% of the stock is currently owned by institutional investors and hedge funds.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.