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

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

International Tower Hill Mines Stock Performance

Shares of THM stock opened at $0.52 on Monday. The stock has a market cap of $103.82 million, a P/E ratio of -26.00 and a beta of 1.19. International Tower Hill Mines has a 1-year low of $0.31 and a 1-year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last announced its earnings results on Friday, August 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Trading of International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC bought a new position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned about 1.03% of International Tower Hill Mines as of its most recent SEC filing. 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.