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

Equities research analysts at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a research note issued to investors on Saturday. The firm set a “sell” rating on the stock.

International Tower Hill Mines Trading Down 5.9 %

Shares of NYSE THM opened at $0.48 on Friday. International Tower Hill Mines has a fifty-two week low of $0.40 and a fifty-two week high of $0.80. The company has a market capitalization of $99.78 million, a PE ratio of -24.00 and a beta of 0.79. The company’s 50-day moving average is $0.55.

Insider Activity at International Tower Hill Mines

In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the transaction, the insider now directly owns 28,765,672 shares of the company’s stock, valued at $13,807,522.56. This trade represents a 4.17 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.46% of the company’s stock.

Institutional Trading of International Tower Hill Mines

Hedge funds have recently bought and sold shares of the company. Dauntless Investment Group LLC purchased a new stake in International Tower Hill Mines in the 4th quarter worth about $106,000. Northern Trust Corp acquired a new stake in International Tower Hill Mines in the 4th quarter worth approximately $46,000. Hemenway Trust Co LLC bought a new stake in shares of International Tower Hill Mines during the 4th quarter worth $38,000. Finally, Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at about $28,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

About International Tower Hill Mines

International Tower Hill Mines Ltd. 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.