Stock Traders Purchase Large Volume of Put Options on Hycroft Mining (NASDAQ:HYMC)

Hycroft Mining Holding Corporation (NASDAQ:HYMC) was the recipient of some unusual options trading on Monday. Stock investors acquired 9,876 put options on the company. This represents an increase of approximately 321% compared to the average daily volume of 2,345 put options.

Insider Buying and Selling at Hycroft Mining

In other news, major shareholder Eric Sprott bought 7,690,000 shares of Hycroft Mining stock in a transaction dated Tuesday, October 14th. The shares were purchased at an average cost of $6.50 per share, with a total value of $49,985,000.00. Following the completion of the acquisition, the insider owned 25,225,528 shares of the company’s stock, valued at $163,965,932. This trade represents a 43.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 12,820,824 shares of company stock worth $113,878,587 in the last ninety days. Company insiders own 1.31% of the company’s stock.

Hedge Funds Weigh In On Hycroft Mining

Several hedge funds have recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of Hycroft Mining by 125.3% during the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after purchasing an additional 871,030 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Hycroft Mining by 18.8% in the third quarter. Vanguard Group Inc. now owns 1,133,290 shares of the company’s stock worth $7,026,000 after purchasing an additional 179,050 shares during the last quarter. UBS Group AG increased its stake in Hycroft Mining by 711.9% in the 3rd quarter. UBS Group AG now owns 945,022 shares of the company’s stock worth $5,859,000 after buying an additional 828,625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hycroft Mining by 43.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 882,624 shares of the company’s stock worth $5,472,000 after buying an additional 268,633 shares during the period. Finally, Sprott Inc. lifted its holdings in Hycroft Mining by 11.7% during the 3rd quarter. Sprott Inc. now owns 816,253 shares of the company’s stock valued at $5,061,000 after buying an additional 85,490 shares in the last quarter. Institutional investors own 7.38% of the company’s stock.

Hycroft Mining Stock Performance

Shares of NASDAQ:HYMC opened at $23.48 on Wednesday. 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 has a 12 month low of $2.00 and a 12 month high of $29.80. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -14.49 and a beta of 2.71. The firm’s 50-day moving average is $12.18 and its 200 day moving average is $7.38.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.02.

Analysts Set New Price Targets

Several research firms have weighed in on HYMC. Wall Street Zen raised Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hycroft Mining News Summary

Here are the key news stories impacting Hycroft Mining this week:

• Positive Sentiment: Eric Sprott bought a total of 700,000 Hycroft shares across Dec. 24, 26 and 29 (100k @ $24.79, 200k @ $24.93, 400k @ $22.70), spending roughly $16.55 million and increasing his stake to ~31.46M shares (a ~1.29% incremental increase on the most recent filing). Insider accumulation at these price levels is a clear confidence signal and likely adds direct buying pressure/support to the share price. Read More.
• Negative Sentiment: Unusually large put-option activity: traders purchased 9,876 put contracts on Monday — a 321% jump versus the typical daily put volume (~2,345). That represents a materially larger-than-normal bet on downside (roughly 987,600 shares of underlying exposure via standard 100-share contracts) and may signal increased bearish sentiment or hedging demand that can raise implied volatility and exert short-term downward pressure on the stock.

About Hycroft Mining

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.