International Tower Hill Mines (NYSEAMERICAN:THM) Earns Sell Rating from Analysts at StockNews.com

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

International Tower Hill Mines Trading Down 3.5 %

Shares of THM opened at $0.42 on Thursday. International Tower Hill Mines has a 1 year low of $0.33 and a 1 year high of $0.80. The company has a market cap of $84.81 million, a P/E ratio of -21.24 and a beta of 1.18.

Institutional Inflows and Outflows

An institutional investor recently raised its position in International Tower Hill Mines stock. Russell Investments Group Ltd. boosted its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and 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 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission. 54.63% of the stock is currently owned by institutional investors.

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.