International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) Shares Sold by Herr Investment Group LLC

Herr Investment Group LLC trimmed its holdings in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,777,727 shares of the mining company’s stock after selling 274,519 shares during the quarter. Herr Investment Group LLC’s holdings in International Tower Hill Mines were worth $879,000 at the end of the most recent reporting period.

Separately, Russell Investments Group Ltd. grew its stake in shares of International Tower Hill Mines by 1.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock worth $1,984,000 after purchasing an additional 28,358 shares during the period. Hedge funds and other institutional investors own 54.63% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on International Tower Hill Mines in a research report on Sunday, September 15th. They set a “sell” rating on the stock.

International Tower Hill Mines Trading Up 5.2 %

Shares of NYSEAMERICAN THM opened at $0.54 on Friday. International Tower Hill Mines Ltd. has a 52-week low of $0.31 and a 52-week high of $0.80. The stock has a market capitalization of $108.29 million, a PE ratio of -27.12 and a beta of 1.19.

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

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.