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

Analysts at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

International Tower Hill Mines Stock Performance

NYSE:THM opened at $0.51 on Tuesday. The firm has a market cap of $101.84 million, a PE ratio of -25.50 and a beta of 1.04. The business’s 50 day moving average price is $0.48. International Tower Hill Mines has a 1-year low of $0.40 and a 1-year high of $0.80.

Insider Buying and Selling

In related news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the purchase, the insider now directly owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On International Tower Hill Mines

Hedge funds have recently added to or reduced their stakes in the stock. Tradition Wealth Management LLC bought a new position in International Tower Hill Mines during the 4th quarter worth $28,000. Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines in the 4th quarter valued at $38,000. Northern Trust Corp bought a new position in shares of International Tower Hill Mines in the 4th quarter valued at $46,000. Finally, Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines in the 4th quarter valued at $106,000. Institutional investors own 54.63% of the company’s stock.

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.