International Tower Hill Mines (NYSE:THM) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a report issued on Saturday. The firm set a “sell” rating on the stock.

International Tower Hill Mines Price Performance

Shares of THM stock opened at $0.48 on Friday. The stock has a fifty day moving average price of $0.55. International Tower Hill Mines has a 1 year low of $0.40 and a 1 year high of $0.80. The stock has a market cap of $99.78 million, a price-to-earnings ratio of -24.00 and a beta of 0.79.

Insider Buying and Selling

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $0.48 per share, with a total value of $553,003.68. Following the completion of the acquisition, the insider now owns 28,765,672 shares in the company, valued at $13,807,522.56. This trade represents a 4.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Tower Hill Mines

Institutional investors and hedge funds have recently modified their holdings of the stock. Tradition Wealth Management LLC purchased a new position in International Tower Hill Mines during the fourth quarter valued at approximately $28,000. Hemenway Trust Co LLC purchased a new position in shares of International Tower Hill Mines during the 4th quarter valued at approximately $38,000. Northern Trust Corp acquired a new position in shares of International Tower Hill Mines in the 4th quarter valued at $46,000. Finally, Dauntless Investment Group LLC purchased a new stake in International Tower Hill Mines during the fourth quarter worth $106,000. Institutional investors and hedge funds own 54.63% of the company’s stock.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.