Hycroft Mining (NASDAQ:HYMC) Major Shareholder Buys $4,035,000.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott purchased 500,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were bought at an average cost of $8.07 per share, with a total value of $4,035,000.00. Following the purchase, the insider directly owned 25,725,528 shares of the company’s stock, valued at approximately $207,605,010.96. This represents a 1.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Thursday, November 13th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $9.41 per share, for a total transaction of $4,705,000.00.
• On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $6.50 per share, with a total value of $49,985,000.00.
• On Wednesday, September 10th, Eric Sprott bought 9,344,704 shares of Hycroft Mining stock. The stock was purchased at an average price of $4.28 per share, with a total value of $39,995,333.12.

Hycroft Mining Stock Down 0.9%

Shares of HYMC traded down $0.08 during midday trading on Friday, reaching $9.06. 1,082,270 shares of the stock were exchanged, compared to its average volume of 660,944. The company has a market capitalization of $733.59 million, a P/E ratio of -5.59 and a beta of 2.47. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. Hycroft Mining Holding Corporation has a 52 week low of $1.99 and a 52 week high of $9.75. The company’s 50 day moving average is $7.06 and its two-hundred day moving average is $4.78.

Hycroft Mining (NASDAQ:HYMC) last posted its earnings results on Tuesday, October 28th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02.

Institutional Trading of Hycroft Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG grew its position in Hycroft Mining by 711.9% during the 3rd quarter. UBS Group AG now owns 945,022 shares of the company’s stock worth $5,859,000 after purchasing an additional 828,625 shares during the period. LM Asset IM Inc. purchased a new stake in shares of Hycroft Mining in the second quarter worth about $1,189,000. Two Sigma Investments LP boosted its stake in shares of Hycroft Mining by 328.7% in the third quarter. Two Sigma Investments LP now owns 387,375 shares of the company’s stock worth $2,402,000 after buying an additional 297,007 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Hycroft Mining by 914.9% during the third quarter. Squarepoint Ops LLC now owns 273,748 shares of the company’s stock worth $1,697,000 after acquiring an additional 246,774 shares during the period. Finally, Vanguard Group Inc. raised its position in Hycroft Mining by 18.8% during the third quarter. Vanguard Group Inc. now owns 1,133,290 shares of the company’s stock valued at $7,026,000 after acquiring an additional 179,050 shares in the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HYMC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. Wall Street Zen raised Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.