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

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a research note published on Saturday morning. The firm issued a sell rating on the stock.

International Tower Hill Mines Stock Performance

Shares of NYSE THM opened at $0.48 on Friday. The company has a market capitalization of $98.93 million, a price-to-earnings ratio of -23.80 and a beta of 0.79. The business’s 50 day moving average price is $0.55. International Tower Hill Mines has a 1-year low of $0.40 and a 1-year high of $0.80.

Insider Activity at International Tower Hill Mines

In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of International Tower Hill Mines stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $0.48 per share, with a total value of $553,003.68. Following the completion of the transaction, the insider now directly owns 28,765,672 shares of the company’s stock, valued at $13,807,522.56. This represents a 4.17 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On International Tower Hill Mines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THM. Hemenway Trust Co LLC acquired a new stake in shares of International Tower Hill Mines during the 4th quarter worth $38,000. Tradition Wealth Management LLC bought a new stake in International Tower Hill Mines during the fourth quarter worth about $28,000. Dauntless Investment Group LLC acquired a new stake in International Tower Hill Mines during the fourth quarter worth about $106,000. Finally, Northern Trust Corp bought a new position in International Tower Hill Mines in the 4th quarter valued at about $46,000. 54.63% of the stock is owned by institutional investors and hedge funds.

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.