International Tower Hill Mines (NYSEAMERICAN:THM) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Up 7.0 %

Shares of NYSEAMERICAN:THM opened at $0.44 on Friday. International Tower Hill Mines has a 1-year low of $0.31 and a 1-year high of $0.80.

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

Hedge Funds Weigh In On International Tower Hill Mines

Large investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. raised its position in International Tower Hill Mines by 54.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after acquiring an additional 18,000 shares in the last quarter. Herr Investment Group LLC acquired a new stake in International Tower Hill Mines during the 1st quarter valued at $1,416,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of International Tower Hill Mines by 1.0% in the first quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock valued at $1,984,000 after purchasing an additional 28,358 shares in the last quarter. Institutional investors and hedge funds own 54.63% of the company’s stock.

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.