International Tower Hill Mines (NYSE:THM) Earns Sell Rating from Analysts at StockNews.com

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

International Tower Hill Mines Stock Performance

Shares of NYSE:THM opened at $0.65 on Friday. International Tower Hill Mines has a 52-week low of $0.40 and a 52-week high of $0.80. The stock has a market capitalization of $134.69 million, a PE ratio of -32.40 and a beta of 1.04. The business has a 50-day moving average price of $0.55.

Insider Activity at International Tower Hill Mines

In related news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $0.48 per share, with a total value of $553,003.68. Following the completion of the purchase, the insider now directly 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Tradition Wealth Management LLC purchased a new stake in shares of International Tower Hill Mines during the fourth quarter worth $28,000. Hemenway Trust Co LLC purchased a new stake in International Tower Hill Mines during the 4th quarter valued at about $38,000. Northern Trust Corp acquired a new stake in International Tower Hill Mines in the 4th quarter valued at about $46,000. Finally, Dauntless Investment Group LLC purchased a new position in International Tower Hill Mines in the 4th quarter worth approximately $106,000. 54.63% of the stock is owned by institutional investors and hedge funds.

About International Tower Hill Mines

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.