International Tower Hill Mines (NYSE:THM) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report issued on Monday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Price Performance

Shares of THM opened at $0.66 on Monday. The stock’s 50 day moving average price is $0.58. International Tower Hill Mines has a one year low of $0.40 and a one year high of $0.77. The stock has a market capitalization of $138.04 million, a PE ratio of -33.20 and a beta of 0.79.

Insider Buying and Selling

In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of International Tower Hill Mines stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the acquisition, the insider now directly owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

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.