International Tower Hill Mines (NYSEAMERICAN:THM) Coverage Initiated at StockNews.com
Research analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM – Get Free Report) (TSE:ITH) in a research note issued on Monday. The brokerage set a “sell” rating on the mining company’s stock.
International Tower Hill Mines Price Performance
Shares of International Tower Hill Mines stock opened at $0.46 on Monday. International Tower Hill Mines has a 1 year low of $0.31 and a 1 year high of $0.80. The company has a market cap of $92.04 million, a price-to-earnings ratio of -23.05 and a beta of 1.19.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. raised its stake in shares of International Tower Hill Mines by 54.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after acquiring an additional 18,000 shares in the last quarter. Herr Investment Group LLC purchased a new position in shares of International Tower Hill Mines during the first quarter worth approximately $1,416,000. Finally, Russell Investments Group Ltd. raised its stake in shares of International Tower Hill Mines by 1.0% during the first quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock worth $1,984,000 after acquiring an additional 28,358 shares in the last quarter. 54.63% of the stock is owned by hedge funds and other institutional investors.
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.
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