Wells Fargo & Company MN Sells 75,000 Shares of International Tower Hill Mines Ltd. (NYSE:THM)

Wells Fargo & Company MN trimmed its holdings in International Tower Hill Mines Ltd. (NYSE:THM) by 21.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 275,000 shares of the company’s stock after selling 75,000 shares during the quarter. Wells Fargo & Company MN owned about 0.14% of International Tower Hill Mines worth $125,000 at the end of the most recent quarter.

International Tower Hill Mines Stock Performance

Shares of THM stock opened at $0.85 on Friday. The firm has a market capitalization of $175.97 million, a price-to-earnings ratio of -42.33 and a beta of 0.68. International Tower Hill Mines Ltd. has a 12 month low of $0.40 and a 12 month high of $0.95. The stock has a 50-day moving average price of $0.65.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on International Tower Hill Mines in a report on Monday, April 21st. They set a “sell” rating on the stock.

Insider Activity at International Tower Hill Mines

In other news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the transaction, the insider now directly owns 28,765,672 shares of the company’s stock, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.48% of the stock is currently owned by company insiders.

International Tower Hill Mines Company Profile

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.