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

Equities research analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM) in a research note issued on Sunday. The firm set a “sell” rating on the stock.

International Tower Hill Mines Stock Performance

Shares of International Tower Hill Mines stock opened at $0.67 on Friday. The firm has a fifty day moving average of $0.56. The firm has a market cap of $140.30 million, a PE ratio of -33.75 and a beta of 0.79. International Tower Hill Mines has a 12-month low of $0.40 and a 12-month high of $0.80.

Insider Activity

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the completion of the transaction, the insider now owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.46% of the company’s stock.

Institutional Trading of International Tower Hill Mines

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