International Tower Hill Mines (NYSEAMERICAN:THM) Coverage Initiated by Analysts at StockNews.com

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

International Tower Hill Mines Stock Down 2.1 %

Shares of THM opened at $0.63 on Wednesday. International Tower Hill Mines has a 52-week low of $0.31 and a 52-week high of $0.80. The firm has a market capitalization of $126.64 million, a price-to-earnings ratio of -31.71 and a beta of 1.14.

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

Institutional Investors Weigh In On International Tower Hill Mines

A hedge fund recently raised its stake in International Tower Hill Mines stock. Atria Wealth Solutions Inc. grew its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 54.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 51,018 shares of the mining company’s stock after buying an additional 18,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in International Tower Hill Mines were worth $30,000 at the end of the most recent reporting period. Institutional investors 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.