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

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

International Tower Hill Mines Price Performance

International Tower Hill Mines stock opened at $0.44 on Friday. The company has a market capitalization of $87.82 million, a PE ratio of -21.99 and a beta of 1.19. 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 posted its earnings results on Friday, August 9th. The mining company reported ($0.01) earnings per share for the quarter.

Institutional Trading of International Tower Hill Mines

Institutional investors have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. boosted its position in International Tower Hill Mines by 54.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after acquiring an additional 18,000 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of International Tower Hill Mines by 1.0% in the 1st 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 during the period. Finally, Herr Investment Group LLC bought a new stake in shares of International Tower Hill Mines during the 1st quarter valued at about $1,416,000. 54.63% of the stock is currently owned by institutional investors.

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.