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

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

International Tower Hill Mines Stock Performance

Shares of THM stock opened at $0.50 on Monday. The business’s fifty day moving average is $0.48. The firm 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

Large investors have recently bought and sold shares of the company. Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines during the 4th quarter valued at approximately $28,000. Hemenway Trust Co LLC bought a new stake in International Tower Hill Mines during the fourth quarter valued at $38,000. Northern Trust Corp acquired a new stake in shares of International Tower Hill Mines during the fourth quarter worth $46,000. Finally, Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines in the 4th quarter worth about $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.