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

Research analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Price Performance

THM opened at $0.49 on Friday. The stock has a market capitalization of $98.72 million, a price-to-earnings ratio of -24.72 and a beta of 1.23. International Tower Hill Mines has a 1-year low of $0.31 and a 1-year high of $0.80.

Hedge Funds Weigh In On International Tower Hill Mines

Hedge funds have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. raised its holdings in International Tower Hill Mines by 54.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after purchasing an additional 18,000 shares during the last quarter. Russell Investments Group Ltd. boosted 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. Finally, Herr Investment Group LLC acquired a new stake in shares of International Tower Hill Mines during the 1st quarter worth approximately $1,416,000. Institutional investors 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.