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

StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM) in a note issued to investors on Thursday. The firm set a “sell” rating on the stock.

International Tower Hill Mines Stock Performance

THM opened at $0.73 on Thursday. The company has a market capitalization of $152.59 million, a price-to-earnings ratio of -36.70 and a beta of 1.04. International Tower Hill Mines has a fifty-two week low of $0.40 and a fifty-two week high of $0.80. The firm’s 50-day moving average is $0.52.

Insider Activity at International Tower Hill Mines

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost 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 in the company, valued at $13,807,522.56. This trade represents a 4.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On International Tower Hill Mines

A number of hedge funds and other institutional investors have recently bought and sold shares of THM. Tradition Wealth Management LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter worth $28,000. Hemenway Trust Co LLC bought a new stake in shares of International Tower Hill Mines during the 4th quarter valued at $38,000. Northern Trust Corp purchased a new stake in International Tower Hill Mines during the 4th quarter worth about $46,000. Finally, Dauntless Investment Group LLC purchased a new stake in shares of International Tower Hill Mines in the fourth quarter worth about $106,000. 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.