Hycroft Mining (NASDAQ:HYMC) CEO Sells $678,825.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CEO Diane Garrett sold 21,550 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $31.50, for a total value of $678,825.00. Following the completion of the sale, the chief executive officer directly owned 928,352 shares in the company, valued at approximately $29,243,088. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hycroft Mining Trading Down 0.4%

HYMC traded down $0.10 during trading on Monday, hitting $26.33. The company’s stock had a trading volume of 2,251,913 shares, compared to its average volume of 3,671,884. Hycroft Mining Holding Corporation has a twelve month low of $2.93 and a twelve month high of $58.73. The business’s fifty day simple moving average is $36.42 and its 200 day simple moving average is $32.57. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -22.13 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly earnings data on Monday, April 27th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.45).

Hedge Funds Weigh In On Hycroft Mining

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in shares of Hycroft Mining in the first quarter valued at approximately $1,055,000. Bank of America Corp DE lifted its position in shares of Hycroft Mining by 6,228.3% in the first quarter. Bank of America Corp DE now owns 100,999 shares of the company’s stock valued at $3,555,000 after acquiring an additional 99,403 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Hycroft Mining in the first quarter valued at approximately $778,000. Centaurus Financial Inc. lifted its position in Hycroft Mining by 734.1% during the first quarter. Centaurus Financial Inc. now owns 56,877 shares of the company’s stock worth $2,002,000 after buying an additional 50,058 shares in the last quarter. Finally, Amundi purchased a new position in Hycroft Mining during the first quarter worth approximately $14,471,000. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Hycroft Mining Company Profile

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.