International Tower Hill Mines (NYSEAMERICAN:THM) Now Covered by StockNews.com

StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a note issued to investors on Saturday. The firm set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Stock Down 0.8 %

THM stock opened at $0.61 on Friday. International Tower Hill Mines has a 1 year low of $0.33 and a 1 year high of $0.80. The stock has a market capitalization of $121.61 million, a P/E ratio of -30.45 and a beta of 1.18.

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

Institutional Trading of International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC acquired a new stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned approximately 1.03% of International Tower Hill Mines at the end of the most recent quarter. Hedge funds and other 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.