International Tower Hill Mines (NYSEAMERICAN:THM) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report released on Thursday morning. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

THM stock opened at $0.67 on Thursday. International Tower Hill Mines has a fifty-two week low of $0.31 and a fifty-two week high of $0.80.

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

Institutional Investors Weigh In On International Tower Hill Mines

Several hedge funds and other institutional investors have recently bought and sold shares of THM. Virtu Financial LLC raised its position in International Tower Hill Mines by 314.9% in the fourth quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock worth $26,000 after acquiring an additional 46,910 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in International Tower Hill Mines by 54.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after buying an additional 18,000 shares during the period. Renaissance Technologies LLC lifted its stake in International Tower Hill Mines by 25.2% during the fourth quarter. Renaissance Technologies LLC now owns 161,859 shares of the mining company’s stock valued at $69,000 after buying an additional 32,559 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in International Tower Hill Mines by 15.8% during the second quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock valued at $85,000 after buying an additional 27,713 shares in the last quarter. 54.63% of the stock is currently owned by 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.