StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM - Get Free Report) TSE: ITH in a research report issued to clients and investors on Thursday. The firm set a "sell" rating on the mining company's stock.
International Tower Hill Mines Price Performance
NYSEAMERICAN THM traded up $0.01 during trading hours on Thursday, reaching $0.67. The company had a trading volume of 50,805 shares, compared to its average volume of 156,187. International Tower Hill Mines has a 1-year low of $0.31 and a 1-year high of $0.80. The stock has a market capitalization of $133.79 million, a P/E ratio of -33.26 and a beta of 1.14.
International Tower Hill Mines (NYSEAMERICAN:THM - Get Free Report) TSE: ITH last issued its quarterly earnings results on Friday, March 8th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On International Tower Hill Mines
Several hedge funds have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. increased its stake in International Tower Hill Mines by 54.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company's stock valued at $30,000 after purchasing an additional 18,000 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of 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 worth $85,000 after acquiring an additional 27,713 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of 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 worth $69,000 after acquiring an additional 32,559 shares during the last quarter. Finally, Virtu Financial LLC grew its position in shares of International Tower Hill Mines by 314.9% during 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 during the last quarter. 54.63% of the stock is currently owned by hedge funds and other institutional investors.
About International Tower Hill Mines
(
Get Free Report)
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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