International Tower Hill Mines (NYSEAMERICAN:THM) Receives New Coverage from Analysts at StockNews.com

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

International Tower Hill Mines Trading Down 1.2 %

NYSEAMERICAN THM opened at $0.67 on Monday. The company has a market capitalization of $134.13 million, a price-to-earnings ratio of -33.59 and a beta of 1.19. International Tower Hill Mines has a 52 week low of $0.31 and a 52 week high of $0.80.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in International Tower Hill Mines stock. Atria Wealth Solutions Inc. raised its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 54.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,018 shares of the mining company’s stock after buying an additional 18,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in International Tower Hill Mines were worth $30,000 at the end of the most recent reporting period. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.