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

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report issued on Thursday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Trading Down 3.1 %

NYSE:THM opened at $0.67 on Thursday. The company has a market cap of $139.43 million, a P/E ratio of -33.54 and a beta of 1.04. International Tower Hill Mines has a fifty-two week low of $0.40 and a fifty-two week high of $0.80. The firm’s fifty day moving average is $0.53.

Insider Activity

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of International Tower Hill Mines stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $0.48 per share, with a total value of $553,003.68. Following the acquisition, the insider now owns 28,765,672 shares in the company, valued at $13,807,522.56. This trade represents a 4.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.46% of the company’s stock.

Hedge Funds Weigh In On International Tower Hill Mines

Institutional investors have recently modified their holdings of the business. Hemenway Trust Co LLC acquired a new stake in International Tower Hill Mines in the fourth quarter valued at about $38,000. Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines in the 4th quarter valued at approximately $28,000. Dauntless Investment Group LLC bought a new stake in shares of International Tower Hill Mines during the 4th quarter valued at approximately $106,000. Finally, Northern Trust Corp acquired a new position in International Tower Hill Mines during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 54.63% of the company’s stock.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.