International Tower Hill Mines (NYSEAMERICAN:THM) Now Covered by StockNews.com

StockNews.com began coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report issued on Friday morning. The firm issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

Shares of NYSEAMERICAN:THM opened at $0.68 on Friday. The company has a market capitalization of $135.81 million, a price-to-earnings ratio of -34.00 and a beta of 1.14. International Tower Hill Mines has a 52-week low of $0.31 and a 52-week high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last announced its quarterly earnings results on Friday, March 8th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Insider Transactions at International Tower Hill Mines

In related news, major shareholder Paulson & Co. Inc. acquired 2,268,256 shares of the stock in a transaction dated Thursday, January 18th. The stock was purchased at an average cost of $0.66 per share, with a total value of $1,497,048.96. Following the completion of the purchase, the insider now directly owns 64,198,980 shares in the company, valued at approximately $42,371,326.80. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.68% of the company’s stock.

Institutional Trading of International Tower Hill Mines

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in shares of International Tower Hill Mines by 187.3% during the first quarter. Renaissance Technologies LLC now owns 215,462 shares of the mining company’s stock valued at $211,000 after acquiring an additional 140,462 shares during the last quarter. Wells Fargo & Company MN increased 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 valued at $85,000 after acquiring an additional 27,713 shares during the last quarter. Virtu Financial LLC increased its position in International Tower Hill Mines by 314.9% in the fourth quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock worth $26,000 after buying an additional 46,910 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its position 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 worth $30,000 after buying an additional 18,000 shares during the last quarter. 54.63% of the stock is owned by hedge funds and other institutional investors.

International Tower Hill Mines Company Profile

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.