International Tower Hill Mines (NYSE:THM) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of International Tower Hill Mines (NYSE:THM) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Stock Performance

Shares of NYSE:THM opened at $0.50 on Friday. The firm’s fifty day moving average price is $0.48. International Tower Hill Mines has a 12-month low of $0.40 and a 12-month high of $0.80. The firm has a market cap of $99.05 million, a P/E ratio of -24.80 and a beta of 1.10.

Hedge Funds Weigh In On International Tower Hill Mines

A number of hedge funds have recently modified their holdings of THM. Tradition Wealth Management LLC acquired a new position in shares of International Tower Hill Mines in the fourth quarter worth $28,000. Hemenway Trust Co LLC bought a new stake in International Tower Hill Mines during the fourth quarter valued at about $38,000. Northern Trust Corp bought a new stake in International Tower Hill Mines during the fourth quarter valued at about $46,000. Finally, Dauntless Investment Group LLC bought a new stake in International Tower Hill Mines during the fourth quarter valued at about $106,000. 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.