International Tower Hill Mines (NYSEAMERICAN:THM) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report issued on Saturday. The firm set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Price Performance

NYSEAMERICAN THM opened at $0.49 on Friday. International Tower Hill Mines has a fifty-two week low of $0.31 and a fifty-two week high of $0.80. The company has a market capitalization of $98.72 million, a price-to-earnings ratio of -24.72 and a beta of 1.23.

Institutional Trading of International Tower Hill Mines

Hedge funds and other institutional investors have recently modified their holdings of the business. Atria Wealth Solutions Inc. raised its holdings in International Tower Hill Mines by 54.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after acquiring an additional 18,000 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of International Tower Hill Mines by 1.0% in the 1st 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 last quarter. Finally, Herr Investment Group LLC acquired a new stake in shares of International Tower Hill Mines in the 1st quarter valued at about $1,416,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

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.