Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Buys 25,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 25,000 shares of Hycroft Mining stock in a transaction dated Friday, January 9th. The stock was acquired at an average cost of $27.05 per share, with a total value of $676,250.00. Following the completion of the transaction, the insider directly owned 31,581,352 shares of the company’s stock, valued at $854,275,571.60. This trade represents a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Thursday, January 8th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were bought at an average price of $26.08 per share, with a total value of $2,608,000.00.
• On Monday, December 29th, Eric Sprott purchased 400,000 shares of Hycroft Mining stock. The stock was bought at an average price of $22.70 per share, for a total transaction of $9,080,000.00.
• On Friday, December 26th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The shares were bought at an average price of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The stock was bought at an average price of $16.31 per share, with a total value of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott purchased 220,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $14.60 per share, for a total transaction of $3,212,000.00.
• On Monday, December 15th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $13.30 per share, for a total transaction of $532,000.00.
• On Thursday, December 11th, Eric Sprott acquired 120,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $12.36 per share, for a total transaction of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott bought 60,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $11.64 per share, with a total value of $698,400.00.

Hycroft Mining Stock Up 3.6%

Shares of HYMC stock opened at $27.13 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of -16.75 and a beta of 2.64. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. The stock has a fifty day moving average price of $15.22 and a 200 day moving average price of $8.61. Hycroft Mining Holding Corporation has a one year low of $2.00 and a one year high of $30.33.

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, beating analysts’ consensus estimates of ($0.24) by $0.02.

Institutional Trading of Hycroft Mining

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Hycroft Mining in the 4th quarter worth approximately $320,000. Tidal Investments LLC raised its position in Hycroft Mining by 125.3% in the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock valued at $9,711,000 after purchasing an additional 871,030 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Hycroft Mining in the third quarter worth $381,000. Millennium Management LLC bought a new stake in shares of Hycroft Mining during the third quarter worth $2,193,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hycroft Mining by 43.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 882,624 shares of the company’s stock valued at $5,472,000 after buying an additional 268,633 shares in the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Wall Street Analyst Weigh In

HYMC has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen raised Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.