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

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

International Tower Hill Mines Stock Up 5.9 %

THM stock opened at $0.46 on Wednesday. The firm has a market cap of $92.80 million, a PE ratio of -23.24 and a beta of 1.18. International Tower Hill Mines has a 52-week low of $0.33 and a 52-week high of $0.80.

Institutional Trading of International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. grew its holdings in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,878,009 shares of the mining company’s stock after acquiring an additional 28,358 shares during the period. Russell Investments Group Ltd. owned 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent SEC filing. 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.