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

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report report published on Sunday morning. The firm issued a sell rating on the stock.

International Tower Hill Mines Trading Up 4.0 %

NYSE:THM opened at $0.51 on Friday. International Tower Hill Mines has a fifty-two week low of $0.40 and a fifty-two week high of $0.80. The company has a market cap of $102.24 million, a P/E ratio of -25.60 and a beta of 1.10. The firm’s fifty day moving average is $0.48.

Hedge Funds Weigh In On International Tower Hill Mines

A number of institutional investors have recently modified their holdings of THM. Tradition Wealth Management LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth $28,000. Hemenway Trust Co LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth $38,000. Northern Trust Corp acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth $46,000. Finally, Dauntless Investment Group LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth $106,000. Institutional investors and hedge funds own 54.63% of the company’s stock.

About International Tower Hill Mines

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.