StockNews.com Initiates Coverage on International Tower Hill Mines (NYSEAMERICAN:THM)

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

International Tower Hill Mines Trading Up 3.1 %

Shares of NYSEAMERICAN:THM opened at $0.56 on Friday. International Tower Hill Mines has a twelve month low of $0.31 and a twelve month high of $0.80. The company has a market cap of $111.65 million, a PE ratio of -27.96 and a beta of 1.19.

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

Institutional Inflows and Outflows

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