International Tower Hill Mines (NYSEAMERICAN:THM) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note released on Sunday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

Shares of International Tower Hill Mines stock opened at $0.52 on Friday. International Tower Hill Mines has a 1 year low of $0.31 and a 1 year high of $0.80. The company has a market cap of $102.92 million, a P/E ratio of -25.77 and a beta of 1.19.

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 Investors 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 acquired a new stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned about 1.03% of International Tower Hill Mines as of its most recent filing with the SEC. 54.63% of the stock is owned by institutional investors and hedge funds.

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.