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

Equities research analysts at StockNews.com initiated 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 Up 5.9 %

Shares of NYSEAMERICAN:THM opened at $0.46 on Wednesday. The company has a market capitalization of $92.80 million, a PE ratio of -23.24 and a beta of 1.18. International Tower Hill Mines has a 12 month low of $0.33 and a 12 month high of $0.80.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. lifted its stake in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,878,009 shares of the mining company’s stock after purchasing 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 owned by hedge funds and other institutional investors.

About International Tower Hill Mines

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.