Russell Investments Group Ltd. Trims Stock Holdings in International Tower Hill Mines Ltd. (NYSE:THM)

Russell Investments Group Ltd. decreased its position in International Tower Hill Mines Ltd. (NYSE:THM) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,591,889 shares of the company’s stock after selling 242,282 shares during the quarter. Russell Investments Group Ltd.’s holdings in International Tower Hill Mines were worth $1,180,000 as of its most recent SEC filing.

Separately, Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

Insider Transactions at International Tower Hill Mines

In other news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the acquisition, the insider now directly owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.46% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of International Tower Hill Mines in a research note on Monday. They set a “sell” rating on the stock.

International Tower Hill Mines Stock Performance

Shares of THM opened at $0.66 on Monday. The company has a market cap of $138.04 million, a PE ratio of -33.20 and a beta of 0.79. The stock has a 50 day moving average of $0.58. International Tower Hill Mines Ltd. has a 52 week low of $0.40 and a 52 week high of $0.77.

International Tower Hill Mines 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.