International Tower Hill Mines (NYSE:THM) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM) in a research note released on Tuesday. The brokerage issued a sell rating on the stock.

International Tower Hill Mines Price Performance

Shares of THM opened at $0.58 on Tuesday. The company has a 50 day simple moving average of $0.48. The firm has a market capitalization of $115.48 million, a P/E ratio of -28.92 and a beta of 1.04. International Tower Hill Mines has a 52-week low of $0.40 and a 52-week high of $0.80.

Insider Activity

In other news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $0.48 per share, with a total value of $553,003.68. Following the completion of the acquisition, the insider now owns 28,765,672 shares of the company’s stock, valued at $13,807,522.56. The trade was a 4.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.46% of the company’s stock.

Institutional Investors Weigh In On International Tower Hill Mines

Large investors have recently modified their holdings of the company. Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $28,000. Hemenway Trust Co LLC purchased a new position in International Tower Hill Mines in the 4th quarter valued at $38,000. Northern Trust Corp purchased a new position in International Tower Hill Mines in the 4th quarter valued at $46,000. Finally, Dauntless Investment Group LLC purchased a new position in International Tower Hill Mines in the 4th quarter valued at $106,000. 54.63% of the stock is owned by institutional investors and hedge funds.

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.