International Tower Hill Mines (NYSEAMERICAN:THM) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note published on Friday morning. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Trading Down 2.1 %

Shares of International Tower Hill Mines stock opened at $0.56 on Friday. International Tower Hill Mines has a fifty-two week low of $0.32 and a fifty-two week high of $0.80.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in International Tower Hill Mines stock. Herr Investment Group LLC purchased a new stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.