International Tower Hill Mines (NYSE:THM) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started 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 Trading Down 3.3 %

Shares of NYSE THM opened at $0.50 on Friday. The firm has a 50 day simple moving average of $0.48. The company has a market cap of $99.05 million, a price-to-earnings ratio of -24.80 and a beta of 1.10. International Tower Hill Mines has a 1 year low of $0.40 and a 1 year high of $0.80.

Institutional Inflows and Outflows

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

About International Tower Hill Mines

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.