Hycroft Mining (NASDAQ:HYMC) Shares Up 19.5% – What’s Next?

Shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) were up 19.5% on Tuesday . The company traded as high as $42.15 and last traded at $42.07. Approximately 6,010,232 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 5,889,434 shares. The stock had previously closed at $35.21.

Analyst Ratings Changes

HYMC has been the subject of several research reports. Wall Street Zen raised shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hycroft Mining Price Performance

The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. The stock has a market cap of $3.49 billion, a P/E ratio of -25.97 and a beta of 2.64. The firm has a 50 day moving average price of $25.55 and a 200 day moving average price of $12.94.

Insider Buying and Selling at Hycroft Mining

In other news, major shareholder Eric Sprott acquired 2,340,824 shares of Hycroft Mining stock in a transaction dated Wednesday, December 3rd. The stock was purchased at an average cost of $10.30 per share, with a total value of $24,110,487.20. Following the completion of the purchase, the insider directly owned 29,466,352 shares in the company, valued at approximately $303,503,425.60. This trade represents a 8.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 5,755,824 shares of company stock valued at $88,013,837 in the last three months. Corporate insiders own 1.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Hycroft Mining by 150.2% in the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock worth $67,402,000 after buying an additional 1,702,288 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after acquiring an additional 871,030 shares during the period. UBS Group AG raised its stake in Hycroft Mining by 711.9% during the 3rd quarter. UBS Group AG now owns 945,022 shares of the company’s stock valued at $5,859,000 after purchasing an additional 828,625 shares during the period. LM Asset IM Inc. bought a new stake in Hycroft Mining during the 2nd quarter valued at approximately $1,189,000. Finally, Millennium Management LLC bought a new stake in Hycroft Mining during the 3rd quarter valued at approximately $2,193,000. Institutional investors own 7.38% of the company’s 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.