International Tower Hill Mines (NYSEAMERICAN:THM) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note issued to investors on Thursday. The firm set a “sell” rating on the mining company’s stock.

International Tower Hill Mines Stock Up 0.8 %

International Tower Hill Mines stock opened at $0.68 on Thursday. The stock has a market cap of $134.79 million, a price-to-earnings ratio of -33.50 and a beta of 1.14. International Tower Hill Mines has a 52-week low of $0.31 and a 52-week high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last posted its earnings results on Friday, March 8th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Trading of International Tower Hill Mines

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of International Tower Hill Mines by 187.3% during the 1st quarter. Renaissance Technologies LLC now owns 215,462 shares of the mining company’s stock worth $211,000 after buying an additional 140,462 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of International Tower Hill Mines by 15.8% in the 2nd quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock worth $85,000 after purchasing an additional 27,713 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of International Tower Hill Mines by 314.9% in the 4th quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock worth $26,000 after purchasing an additional 46,910 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of International Tower Hill Mines by 54.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after purchasing an additional 18,000 shares in the last quarter. 54.63% of the stock is currently owned by institutional investors.

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.