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

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

International Tower Hill Mines Price Performance

THM stock opened at $0.56 on Friday. The company has a market cap of $111.65 million, a P/E ratio of -27.96 and a beta of 1.19. International Tower Hill Mines has a fifty-two week low of $0.31 and a fifty-two week high of $0.80.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. boosted its position in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,878,009 shares of the mining company’s stock after purchasing 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. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.