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

Equities research analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

International Tower Hill Mines stock opened at $0.65 on Wednesday. International Tower Hill Mines has a fifty-two week low of $0.31 and a fifty-two week high of $0.80. The stock has a market cap of $130.66 million, a P/E ratio of -32.72 and a beta of 1.14.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last released its quarterly earnings results on Friday, March 8th. The mining company reported ($0.01) earnings per share for the quarter.

Institutional Trading of International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Atria Wealth Solutions Inc. increased its position in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 54.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,018 shares of the mining company’s stock after acquiring an additional 18,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in International Tower Hill Mines were worth $30,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 54.63% of the company’s stock.

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.