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

StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM) in a report released on Sunday. The brokerage issued a sell rating on the stock.

International Tower Hill Mines Price Performance

International Tower Hill Mines stock opened at $0.65 on Friday. The firm has a market cap of $134.92 million, a price-to-earnings ratio of -32.45 and a beta of 0.79. The stock’s 50-day moving average is $0.57. International Tower Hill Mines has a 1 year low of $0.40 and a 1 year high of $0.77.

Insider Buying and Selling

In related news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the acquisition, the insider now owns 28,765,672 shares of the company’s stock, valued at approximately $13,807,522.56. This represents a 4.17 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Tower Hill Mines

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dauntless Investment Group LLC bought a new stake in shares of International Tower Hill Mines in the fourth quarter valued at about $106,000. Northern Trust Corp acquired a new stake in International Tower Hill Mines in the 4th quarter valued at approximately $46,000. Hemenway Trust Co LLC bought a new stake in International Tower Hill Mines in the 4th quarter valued at approximately $38,000. Finally, Tradition Wealth Management LLC acquired a new position in International Tower Hill Mines during the 4th quarter worth approximately $28,000. 54.63% of the stock is 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.