International Tower Hill Mines (NYSEAMERICAN:THM) Coverage Initiated at StockNews.com

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

International Tower Hill Mines Stock Up 4.1 %

THM opened at $0.36 on Friday. The stock has a market cap of $70.32 million, a price-to-earnings ratio of -35.90 and a beta of 0.78. International Tower Hill Mines has a twelve month low of $0.31 and a twelve month high of $0.75. The company’s 50-day moving average price is $0.42 and its two-hundred day moving average price is $0.50.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last released its earnings results on Monday, August 7th. The mining company reported ($0.01) earnings per share for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in shares of International Tower Hill Mines by 15.8% during the 2nd quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock valued at $85,000 after buying an additional 27,713 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of International Tower Hill Mines by 25.2% during the 4th quarter. Renaissance Technologies LLC now owns 161,859 shares of the mining company’s stock valued at $69,000 after buying an additional 32,559 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake in shares of International Tower Hill Mines by 314.9% during the 4th quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock valued at $26,000 after buying an additional 46,910 shares in the last quarter. 53.78% of the stock is currently owned by hedge funds and other institutional investors.

International Tower Hill Mines Company Profile

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