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

StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report published on Wednesday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Price Performance

THM stock opened at $0.58 on Wednesday. The company has a market capitalization of $116.54 million, a PE ratio of -29.18 and a beta of 1.23. International Tower Hill Mines has a twelve month low of $0.31 and a twelve month 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 Inflows and Outflows

A number of institutional investors have recently modified their holdings of THM. Atria Wealth Solutions Inc. raised its holdings in International Tower Hill Mines by 54.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after purchasing an additional 18,000 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in International Tower Hill Mines by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock worth $1,984,000 after acquiring an additional 28,358 shares during the period. Finally, Herr Investment Group LLC purchased a new position in International Tower Hill Mines in the first quarter worth $1,416,000. Institutional investors and hedge funds 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.