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

Equities researchers at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Stock Down 5.9 %

International Tower Hill Mines stock opened at $0.48 on Friday. The company has a fifty day moving average of $0.55. The firm has a market cap of $99.78 million, a PE ratio of -24.00 and a beta of 0.79. International Tower Hill Mines has a 1 year low of $0.40 and a 1 year high of $0.80.

Insider Buying and Selling at International Tower Hill Mines

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $0.48 per share, with a total value of $553,003.68. Following the completion of the acquisition, the insider now directly owns 28,765,672 shares of the company’s stock, valued at $13,807,522.56. This represents a 4.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.46% of the company’s stock.

Hedge Funds Weigh In On International Tower Hill Mines

Institutional investors and hedge funds have recently bought and sold shares of the business. Tradition Wealth Management LLC acquired a new stake in International Tower Hill Mines in the 4th quarter valued at about $28,000. Hemenway Trust Co LLC purchased a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $38,000. Northern Trust Corp purchased a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $46,000. Finally, Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $106,000. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.