International Tower Hill Mines (NYSEAMERICAN:THM) Coverage Initiated by 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 firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Up 1.0 %

Shares of NYSEAMERICAN:THM opened at $0.67 on Thursday. International Tower Hill Mines has a 1-year low of $0.31 and a 1-year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last issued 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 number of large investors have recently bought and sold shares of THM. Renaissance Technologies LLC lifted its stake in shares of International Tower Hill Mines by 187.3% in the 1st quarter. Renaissance Technologies LLC now owns 215,462 shares of the mining company’s stock worth $211,000 after acquiring an additional 140,462 shares during the period. Wells Fargo & Company MN lifted its stake in shares of International Tower Hill Mines by 15.8% in the 2nd quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock worth $85,000 after acquiring an additional 27,713 shares during the period. Virtu Financial LLC lifted its stake in shares of International Tower Hill Mines by 314.9% in the 4th quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock worth $26,000 after acquiring an additional 46,910 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of International Tower Hill Mines by 54.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after acquiring an additional 18,000 shares during the period. Institutional investors and hedge funds own 54.63% of the company’s stock.

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.