International Tower Hill Mines (NYSEAMERICAN:THM) Receives New Coverage from Analysts at StockNews.com

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

International Tower Hill Mines Price Performance

Shares of NYSEAMERICAN:THM opened at $0.52 on Friday. The firm has a market cap of $104.18 million, a price-to-earnings ratio of -26.09 and a beta of 1.23. International Tower Hill Mines has a 12-month low of $0.31 and a 12-month high of $0.80.

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. lifted its stake in shares of 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 purchasing an additional 18,000 shares during the last quarter. Herr Investment Group LLC acquired a new stake in shares of International Tower Hill Mines in the 1st quarter valued at $1,416,000. Finally, 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 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.