Equities research analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM - Get Free Report) TSE: ITH in a report released on Wednesday. The brokerage set a "sell" rating on the mining company's stock.
International Tower Hill Mines Stock Performance
International Tower Hill Mines stock traded down $0.01 during trading hours on Wednesday, reaching $0.46. 181,978 shares of the stock were exchanged, compared to its average volume of 147,815. The company has a market cap of $91.06 million, a P/E ratio of -23.00 and a beta of 1.18. International Tower Hill Mines has a 52-week low of $0.33 and a 52-week high of $0.80.
Hedge Funds Weigh In On International Tower Hill Mines
A hedge fund recently raised its stake in International Tower Hill Mines stock. Russell Investments Group Ltd. raised its position in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM - Free Report) TSE: ITH by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,878,009 shares of the mining company's stock after purchasing an additional 28,358 shares during the quarter. Russell Investments Group Ltd. owned about 1.44% of International Tower Hill Mines worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission. 54.63% of the stock is owned by institutional investors and hedge funds.
About International Tower Hill Mines
(
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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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