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

by · The Cerbat Gem

StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM – Free Report) (TSE:ITH) in a research report report published on Monday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Trading Down 3.0 %

NYSEAMERICAN:THM opened at $0.67 on Monday. The firm has a market cap of $132.99 million, a P/E ratio of -33.30 and a beta of 1.20. International Tower Hill Mines has a 1-year low of $0.33 and a 1-year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM – Get Free Report) (TSE:ITH) last issued its earnings results 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

A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. boosted its holdings in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM – Free Report) (TSE:ITH) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,878,009 shares of the mining company’s stock after acquiring an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.44% of International Tower Hill Mines worth $1,984,000 at the end of the most recent reporting period. 54.63% of the stock is currently owned by institutional investors.

About International Tower Hill Mines

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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.

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