International Tower Hill Mines (NYSEAMERICAN:THM) Now Covered by StockNews.com

Investment 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 Tuesday. The firm set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Trading Up 1.0 %

THM opened at $0.64 on Tuesday. International Tower Hill Mines has a 1 year low of $0.31 and a 1 year high of $0.80. The firm has a market cap of $127.06 million, a price-to-earnings ratio of -31.82 and a beta of 1.14.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last issued its quarterly earnings results on Friday, March 8th. The mining company reported ($0.01) EPS 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. Atria Wealth Solutions Inc. increased its holdings in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 54.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,018 shares of the mining company’s stock after purchasing an additional 18,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in International Tower Hill Mines were worth $30,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 54.63% of the company’s stock.

About International Tower Hill Mines

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.