International Tower Hill Mines (NYSE:THM) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report issued on Friday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Stock Up 1.4 %

International Tower Hill Mines stock opened at $0.65 on Friday. International Tower Hill Mines has a one year low of $0.40 and a one year high of $0.80. The company has a market capitalization of $136.02 million, a price-to-earnings ratio of -32.72 and a beta of 1.04. The stock has a fifty day moving average of $0.55.

Insider Activity

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of $0.48 per share, with a total value of $553,003.68. Following the completion of the purchase, the insider now owns 28,765,672 shares of the company’s stock, valued at approximately $13,807,522.56. This represents a 4.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.46% of the stock is owned by company insiders.

Institutional Trading of International Tower Hill Mines

Several institutional investors and hedge funds have recently modified their holdings of the business. Dauntless Investment Group LLC purchased a new stake in International Tower Hill Mines in the fourth quarter valued at approximately $106,000. Northern Trust Corp purchased a new position in International Tower Hill Mines in the 4th quarter worth approximately $46,000. Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines in the 4th quarter worth $38,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of International Tower Hill Mines during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

About International Tower Hill Mines

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.