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

Analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Trading Down 2.0 %

THM stock opened at $0.66 on Thursday. The company has a market cap of $131.64 million, a price-to-earnings ratio of -32.96 and a beta of 1.14. International Tower Hill Mines has a one year low of $0.31 and a one year high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last issued its earnings results on Friday, March 8th. The mining company reported ($0.01) EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of International Tower Hill Mines by 187.3% in the first quarter. Renaissance Technologies LLC now owns 215,462 shares of the mining company’s stock worth $211,000 after buying an additional 140,462 shares during the period. Wells Fargo & Company MN boosted its holdings in International Tower Hill Mines by 15.8% in the second quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock valued at $85,000 after acquiring an additional 27,713 shares in the last quarter. Virtu Financial LLC boosted its holdings in International Tower Hill Mines by 314.9% in the fourth quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock valued at $26,000 after acquiring an additional 46,910 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in International Tower Hill Mines by 54.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after acquiring an additional 18,000 shares in the last quarter. 54.63% of the stock is owned by hedge funds and other institutional investors.

International Tower Hill Mines Company Profile

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.