StockNews.com Begins Coverage on International Tower Hill Mines (NYSEAMERICAN:THM)

Investment analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Price Performance

Shares of NYSEAMERICAN THM opened at $0.58 on Thursday. The firm has a market cap of $115.78 million, a PE ratio of -28.99 and a beta of 1.19. International Tower Hill Mines has a 12 month low of $0.33 and a 12 month high of $0.80.

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

Institutional Trading of International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. raised its stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,878,009 shares of the mining company’s stock after buying an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 54.63% of the company’s stock.

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.