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

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 firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

Shares of THM stock opened at $0.63 on Wednesday. International Tower Hill Mines has a twelve month low of $0.33 and a twelve month high of $0.80. The stock has a market cap of $125.74 million, a PE ratio of -31.49 and a beta of 1.20.

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

Hedge Funds Weigh In On International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC purchased a new position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent SEC filing. 54.63% of the stock is owned by institutional investors and hedge funds.

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.