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

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THMFree Report) in a research note issued to investors on Wednesday morning. The brokerage issued a sell rating on the stock.

International Tower Hill Mines Trading Up 3.6 %

NYSE:THM opened at $0.67 on Wednesday. International Tower Hill Mines has a 1-year low of $0.40 and a 1-year high of $0.80. The business has a 50-day simple moving average of $0.50. The stock has a market capitalization of $132.80 million, a price-to-earnings ratio of -33.25 and a beta of 1.04.

Insider Activity at International Tower Hill Mines

In other news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $0.48 per share, with a total value of $553,003.68. Following the transaction, the insider now directly owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.46% of the stock is currently owned by insiders.

Institutional Trading of International Tower Hill Mines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tradition Wealth Management LLC purchased a new position in shares of International Tower Hill Mines in the fourth quarter worth about $28,000. Hemenway Trust Co LLC purchased a new position in shares of International Tower Hill Mines in the fourth quarter worth about $38,000. Northern Trust Corp purchased a new position in shares of International Tower Hill Mines in the fourth quarter worth about $46,000. Finally, Dauntless Investment Group LLC purchased a new position in shares of International Tower Hill Mines in the fourth quarter worth about $106,000. Institutional investors and hedge funds own 54.63% of the company’s stock.

International Tower Hill Mines Company Profile

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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.

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