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

Investment analysts at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Trading Down 0.9 %

THM stock opened at $0.35 on Monday. The firm has a 50 day simple moving average of $0.42 and a 200-day simple moving average of $0.50. The company has a market capitalization of $67.90 million, a P/E ratio of -34.66 and a beta of 0.77. International Tower Hill Mines has a twelve month low of $0.31 and a twelve month high of $0.75.

Hedge Funds Weigh In On International Tower Hill Mines

Several large investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in International Tower Hill Mines by 15.8% during the second quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock valued at $85,000 after buying an additional 27,713 shares in the last quarter. Virtu Financial LLC lifted its stake in International Tower Hill Mines by 314.9% during the fourth quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock worth $26,000 after purchasing an additional 46,910 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in International Tower Hill Mines by 25.2% in the fourth quarter. Renaissance Technologies LLC now owns 161,859 shares of the mining company’s stock worth $69,000 after purchasing an additional 32,559 shares during the period. Institutional investors own 53.78% of the company’s stock.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. It holds or has rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska.