From MarketBeat:

Equities research analysts at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) TSE: ITH. The company received a “sell” rating from the brokerage. The stock opened at $0.69 on Friday and has a market capitalization of $134.77 million. It also has a 50-day moving average of $0.42.

International Tower Hill Mines’ stock is trading 7.5% higher. It has a 1-year low of $0.31 and a 1-year high of $0.75. The company’s P/E ratio is -68.80 and it has a beta of 1.17.

Institutional investors have made changes to their positions in the company. Virtu Financial LLC and Renaissance Technologies LLC have both increased their shares in International Tower Hill Mines. Overall, 53.78% of the stock is owned by institutional investors and hedge funds.

International Tower Hill Mines Ltd. is a mineral exploration company that focuses on the acquisition, exploration, and development of mineral properties. It has rights to acquire interests in the Livengood gold project, covering an area of approximately 19,546 hectares located in Alaska.

This story was generated using financial data from MarketBeat. For questions or comments, please contact [email protected].

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Read more: StockNews.com Initiates Coverage on International Tower Hill Mines (NYSEAMERICAN:THM)