Dahlman Rose Reiterates Buy Rating on International Tower Hill Mines (THM)

Dahlman Rose is out with a research report this morning, where it reiterates its Buy rating on International Tower Hill Mines (NYSE: THM); it has a $28.31 price target on the stock. The Dahlman Rose analysts said that the company is moving forward with a pre-feasibility study, assembling an in-house team to develop and permit, advancing key development studies, and continuing to drill its flagship project. They added that both infill and step-out drilling continue to increase the size of the asset and upgrade the resources. Further, optimization studies are being conducted for maximizing the value of the deposit and improving operational characteristics, including an oxide milling option, which brings higher recoveries and greater reliability to the production plan.