Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells $206,123.30 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 9,605 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $21.46, for a total transaction of $206,123.30. Following the completion of the sale, the senior vice president directly owned 196,924 shares of the company’s stock, valued at approximately $4,225,989.04. This represents a 4.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hycroft Mining Price Performance

HYMC stock opened at $17.00 on Friday. The company has a 50 day moving average price of $18.96 and a 200 day moving average price of $28.99. Hycroft Mining Holding Corporation has a fifty-two week low of $8.45 and a fifty-two week high of $58.73. The stock has a market capitalization of $1.58 billion, a PE ratio of -16.19 and a beta of 2.89.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data on Tuesday, October 27th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11). As a group, equities analysts expect that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HYMC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a report on Friday, September 11th. B. Riley Financial assumed coverage on Hycroft Mining in a research report on Monday, August 3rd. They issued a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hycroft Mining currently has a consensus rating of “Hold” and an average target price of $25.00.

Institutional Investors Weigh In On Hycroft Mining

A number of institutional investors and hedge funds have recently modified their holdings of HYMC. Hollencrest Capital Management acquired a new position in Hycroft Mining in the first quarter valued at approximately $35,000. Integrated Wealth Concepts LLC bought a new position in Hycroft Mining in the second quarter valued at approximately $25,000. Legacy Wealth Managment LLC ID acquired a new stake in Hycroft Mining during the 1st quarter worth $44,000. KBC Group NV acquired a new stake in Hycroft Mining during the 1st quarter worth $51,000. Finally, FNY Investment Advisers LLC grew its holdings in Hycroft Mining by 50.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the company’s stock worth $35,000 after acquiring an additional 500 shares during the period. 7.38% of the stock is owned by institutional investors.

About Hycroft Mining

Hycroft Mining Holding Corporation is a U.S.-based precious metals company focused on exploring and developing the Hycroft Mine, a large open-pit gold and silver project near Winnemucca in northern Nevada. The company’s activities include mineral exploration, mine planning and technical studies aimed at evaluating the property’s deposits. The Hycroft property contains both oxide and sulfide mineralization. Hycroft has focused on assessing the sulfide resources and potential processing approaches, while continuing exploration across the mine site.