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

Research analysts at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Price Performance

International Tower Hill Mines stock opened at $0.67 on Thursday. The firm has a 50 day moving average price of $0.53. The firm has a market capitalization of $139.43 million, a P/E ratio of -33.54 and a beta of 1.04. International Tower Hill Mines has a 1 year low of $0.40 and a 1 year high of $0.80.

Insider Transactions at International Tower Hill Mines

In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $13,807,522.56. This represents a 4.17 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.46% of the stock is owned by company insiders.

Institutional Trading of International Tower Hill Mines

Several institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp acquired a new stake in International Tower Hill Mines during the 4th quarter valued at approximately $46,000. Dauntless Investment Group LLC bought a new stake in shares of International Tower Hill Mines in the 4th quarter valued at $106,000. Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines during the fourth quarter worth $28,000. Finally, Hemenway Trust Co LLC bought a new position in International Tower Hill Mines during the fourth quarter worth $38,000. 54.63% of the stock is currently owned by institutional investors.

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.