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

StockNews.com started coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research report released on Saturday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Down 14.0 %

THM stock opened at $0.50 on Friday. International Tower Hill Mines has a 1 year low of $0.33 and a 1 year high of $0.80. The company has a market capitalization of $99.85 million, a PE ratio of -25.00 and a beta of 1.18.

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

Institutional Inflows and Outflows

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