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

Analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Stock Up 1.3 %

NYSE:THM opened at $0.48 on Tuesday. The firm’s 50-day moving average is $0.48. International Tower Hill Mines has a 52-week low of $0.40 and a 52-week high of $0.80. The company has a market capitalization of $95.05 million, a price-to-earnings ratio of -23.80 and a beta of 1.10.

Insider Buying and Selling at International Tower Hill Mines

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the completion of the transaction, the insider now directly owns 28,765,672 shares of the company’s stock, 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 the SEC website. 2.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On International Tower Hill Mines

A number of hedge funds have recently made changes to their positions in the company. Tradition Wealth Management LLC purchased a new stake in shares of International Tower Hill Mines in the fourth quarter worth about $28,000. Hemenway Trust Co LLC purchased a new stake in shares of International Tower Hill Mines in the fourth quarter worth about $38,000. Northern Trust Corp purchased a new stake in shares of International Tower Hill Mines in the fourth quarter worth about $46,000. Finally, Dauntless Investment Group LLC purchased a new stake in shares of International Tower Hill Mines in the fourth quarter worth about $106,000. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

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.