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

Equities research analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report issued on Thursday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Stock Up 3.1 %

NYSEAMERICAN THM opened at $0.58 on Thursday. The company has a market capitalization of $115.78 million, a price-to-earnings ratio of -28.99 and a beta of 1.19. International Tower Hill Mines has a 12-month low of $0.33 and a 12-month high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last posted its 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. grew its holdings in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the 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 about 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.