International Tower Hill Mines (NYSEAMERICAN:THM) Earns Sell Rating from Analysts at StockNews.com

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

International Tower Hill Mines Trading Up 6.4 %

International Tower Hill Mines stock opened at $0.57 on Friday. The company has a market cap of $114.74 million, a price-to-earnings ratio of -28.73 and a beta of 1.18. International Tower Hill Mines has a 52-week low of $0.33 and a 52-week high of $0.80.

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

Hedge Funds Weigh In On International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. increased its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,878,009 shares of the mining company’s stock after purchasing an additional 28,358 shares during the period. Russell Investments Group Ltd. owned approximately 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent quarter. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.