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 research report report published on Tuesday. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Price Performance

THM stock opened at $0.69 on Tuesday. The company has a market cap of $137.79 million, a P/E ratio of -34.50 and a beta of 1.20. International Tower Hill Mines has a fifty-two week low of $0.33 and a fifty-two week high of $0.80.

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.

Institutional Inflows and Outflows

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