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

Stock analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Price Performance

NYSEAMERICAN:THM opened at $0.56 on Friday. International Tower Hill Mines has a 12-month low of $0.31 and a 12-month high of $0.80. The stock has a market cap of $111.65 million, a P/E ratio of -27.96 and a beta of 1.19.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last released its earnings results on Friday, August 9th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On International Tower Hill Mines

An institutional investor recently bought a new position in International Tower Hill Mines stock. Herr Investment Group LLC purchased a new stake in shares of International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,052,246 shares of the mining company’s stock, valued at approximately $1,416,000. Herr Investment Group LLC owned approximately 1.03% of International Tower Hill Mines at the end of the most recent reporting period. Institutional investors and hedge funds own 54.63% of the company’s stock.

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.