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

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

International Tower Hill Mines Stock Performance

Shares of THM stock opened at $0.42 on Thursday. The firm has a market cap of $84.81 million, a PE ratio of -21.24 and a beta of 1.18. International Tower Hill Mines has a 1 year low of $0.33 and a 1 year high of $0.80.

Institutional Investors Weigh In On International Tower Hill Mines

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

International Tower Hill Mines Company Profile

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.