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

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

International Tower Hill Mines Price Performance

Shares of NYSE THM opened at $0.65 on Friday. The firm has a 50-day moving average of $0.55. The company has a market cap of $134.69 million, a PE ratio of -32.40 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.

Insiders Place Their Bets

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of International Tower Hill Mines stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the completion of the acquisition, the insider now owns 28,765,672 shares of the company’s stock, valued at approximately $13,807,522.56. This trade represents a 4.17 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.46% of the company’s stock.

Institutional Trading of International Tower Hill Mines

Hedge funds have recently made changes to their positions in the business. Tradition Wealth Management LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth approximately $28,000. Hemenway Trust Co LLC acquired a new position in shares of International Tower Hill Mines in the fourth quarter valued at $38,000. Northern Trust Corp bought a new position in shares of International Tower Hill Mines in the fourth quarter valued at about $46,000. Finally, Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter valued at about $106,000. 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.