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

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report published on Tuesday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Price Performance

Shares of THM stock opened at $0.46 on Tuesday. The firm has a market capitalization of $92.04 million, a P/E ratio of -23.05 and a beta of 1.19. International Tower Hill Mines has a 52 week low of $0.31 and a 52 week high of $0.80.

Hedge Funds Weigh In On International Tower Hill Mines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Herr Investment Group LLC bought a new position in shares of International Tower Hill Mines during the first quarter valued at $1,416,000. Russell Investments Group Ltd. increased its holdings in shares of International Tower Hill Mines by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock valued at $1,984,000 after acquiring an additional 28,358 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of International Tower Hill Mines by 54.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after acquiring an additional 18,000 shares in the last quarter. Hedge funds and other institutional investors 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.