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 report published on Tuesday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

Shares of NYSEAMERICAN THM opened at $0.49 on Tuesday. International Tower Hill Mines has a 12-month low of $0.31 and a 12-month high of $0.80.

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

Institutional Investors Weigh In On International Tower Hill Mines

A number of institutional investors have recently modified their holdings of THM. Atria Wealth Solutions Inc. grew its stake in International Tower Hill Mines by 54.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after buying an additional 18,000 shares during the last quarter. Herr Investment Group LLC bought a new stake in International Tower Hill Mines in the first quarter valued at about $1,416,000. Finally, Russell Investments Group Ltd. boosted its holdings in International Tower Hill Mines by 1.0% during 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.