Analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM - Get Free Report) in a report released on Monday. The brokerage set a "sell" rating on the stock.
International Tower Hill Mines Stock Performance
NYSE:THM remained flat at $0.66 during mid-day trading on Monday. 334,812 shares of the company traded hands, compared to its average volume of 197,983. The stock has a 50-day moving average of $0.59. The stock has a market capitalization of $136.16 million, a P/E ratio of -32.75 and a beta of 0.79. International Tower Hill Mines has a 12 month low of $0.40 and a 12 month high of $0.77.
Insiders Place Their Bets
In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the business's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $0.48 per share, with a total value of $553,003.68. Following the purchase, the insider now directly owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. This represents a 4.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.46% of the company's stock.
Institutional Trading of International Tower Hill Mines
Hedge funds have recently made changes to their positions in the stock. Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines during the 4th quarter valued at about $38,000. Dauntless Investment Group LLC purchased a new position in shares of International Tower Hill Mines during the fourth quarter worth approximately $106,000. Tradition Wealth Management LLC bought a new stake in shares of International Tower Hill Mines in the 4th quarter worth approximately $28,000. Finally, Northern Trust Corp bought a new stake in shares of International Tower Hill Mines in the 4th quarter worth approximately $46,000. 54.63% of the stock is owned by institutional investors.
International Tower Hill Mines Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider International Tower Hill Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Tower Hill Mines wasn't on the list.
While International Tower Hill Mines currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
