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

Analysts at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a report issued on Monday. The firm set a “sell” rating on the stock.

International Tower Hill Mines Trading Down 2.5 %

International Tower Hill Mines stock opened at $0.48 on Monday. International Tower Hill Mines has a 12 month low of $0.40 and a 12 month high of $0.80. The business has a fifty day simple moving average of $0.48. The company has a market cap of $95.87 million, a price-to-earnings ratio of -24.01 and a beta of 1.10.

Hedge Funds Weigh In On International Tower Hill Mines

Institutional investors and hedge funds have recently modified their holdings of the stock. Tradition Wealth Management LLC bought a new position in International Tower Hill Mines during the fourth quarter valued at $28,000. Hemenway Trust Co LLC purchased a new stake in International Tower Hill Mines in the 4th quarter worth about $38,000. Northern Trust Corp purchased a new position in shares of International Tower Hill Mines during the fourth quarter valued at approximately $46,000. Finally, Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines during the fourth quarter valued at approximately $106,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

International Tower Hill Mines Company 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.