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

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

International Tower Hill Mines Price Performance

NYSEAMERICAN THM traded down $0.01 during trading on Thursday, reaching $0.43. 169,190 shares of the company’s stock traded hands, compared to its average volume of 146,455. International Tower Hill Mines has a 12-month low of $0.33 and a 12-month high of $0.80.

Institutional Trading of International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. increased its stake in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing. Hedge funds and other 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.