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

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report released on Saturday morning. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Price Performance

Shares of THM opened at $0.56 on Friday. The firm has a market cap of $111.65 million, a PE ratio of -27.96 and a beta of 1.19. International Tower Hill Mines has a 12-month low of $0.31 and a 12-month high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last released its quarterly earnings data on Friday, August 9th. The mining company reported ($0.01) earnings per share for the quarter.

Hedge Funds Weigh In On International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC purchased a new position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned 1.03% of International Tower Hill Mines at the end of the most recent quarter. 54.63% of the stock is owned by institutional investors and hedge funds.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.