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

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report report published on Monday. The brokerage issued a sell rating on the stock.

International Tower Hill Mines Price Performance

THM opened at $0.49 on Monday. The stock has a market cap of $98.05 million, a price-to-earnings ratio of -24.55 and a beta of 1.10. International Tower Hill Mines has a one year low of $0.40 and a one year high of $0.80. The firm’s fifty day moving average price is $0.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hemenway Trust Co LLC purchased a new stake in International Tower Hill Mines in the fourth quarter valued at approximately $38,000. Tradition Wealth Management LLC purchased a new stake in shares of International Tower Hill Mines during the 4th quarter valued at $28,000. Dauntless Investment Group LLC bought a new stake in shares of International Tower Hill Mines during the 4th quarter worth $106,000. Finally, Northern Trust Corp bought a new stake in shares of International Tower Hill Mines during the 4th quarter worth $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.