Hycroft Mining (NASDAQ:HYMC) CFO Stanton Rideout Sells 16,500 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CFO Stanton Rideout sold 16,500 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.18, for a total transaction of $497,970.00. Following the completion of the transaction, the chief financial officer owned 481,947 shares in the company, valued at $14,545,160.46. This represents a 3.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hycroft Mining Price Performance

Shares of HYMC stock opened at $26.33 on Tuesday. Hycroft Mining Holding Corporation has a 12 month low of $2.93 and a 12 month high of $58.73. The firm has a market capitalization of $2.41 billion, a P/E ratio of -22.13 and a beta of 2.62. The company’s fifty day moving average price is $36.33 and its two-hundred day moving average price is $32.68.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new position in Hycroft Mining during the 1st quarter valued at about $1,055,000. Bank of America Corp DE boosted its stake in Hycroft Mining by 6,228.3% during the 1st quarter. Bank of America Corp DE now owns 100,999 shares of the company’s stock valued at $3,555,000 after purchasing an additional 99,403 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Hycroft Mining in the 1st quarter worth approximately $778,000. Centaurus Financial Inc. lifted its stake in shares of Hycroft Mining by 734.1% in the 1st quarter. Centaurus Financial Inc. now owns 56,877 shares of the company’s stock worth $2,002,000 after acquiring an additional 50,058 shares during the period. Finally, Amundi acquired a new stake in shares of Hycroft Mining in the 1st quarter worth approximately $14,471,000. 7.38% of the stock is owned by institutional investors and hedge funds.

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.