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

StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report issued on Wednesday. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

International Tower Hill Mines stock opened at $0.46 on Wednesday. The firm has a market capitalization of $92.06 million, a P/E ratio of -23.05 and a beta of 1.18. International Tower Hill Mines has a 1 year low of $0.34 and a 1 year high of $0.80.

Institutional Trading of International Tower Hill Mines

An institutional investor recently raised its position 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% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,878,009 shares of the mining company’s stock after acquiring an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned about 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent SEC filing. 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.