Rebecca Jennings Sells 11,300 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 11,300 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.27, for a total transaction of $342,051.00. Following the sale, the senior vice president directly owned 204,494 shares in the company, valued at $6,190,033.38. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Rebecca Jennings also recently made the following trade(s):

• On Tuesday, March 17th, Rebecca Jennings sold 9,071 shares of Hycroft Mining stock. The shares were sold at an average price of $39.33, for a total transaction of $356,762.43.

Hycroft Mining Price Performance

Shares of HYMC opened at $24.85 on Wednesday. Hycroft Mining Holding Corporation has a 1-year low of $2.93 and a 1-year high of $58.73. The firm has a market capitalization of $2.27 billion, a PE ratio of -20.88 and a beta of 2.62. The company’s fifty day moving average price is $36.16 and its 200-day moving average price is $32.78.

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

Institutional Investors Weigh In On Hycroft Mining

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Hycroft Mining by 150.2% in the fourth quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after purchasing an additional 1,702,288 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Hycroft Mining during the 4th quarter worth about $39,815,000. Tidal Investments LLC boosted its stake in shares of Hycroft Mining by 125.3% during the 3rd 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 in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Hycroft Mining during the 4th quarter worth about $36,366,000. Finally, UBS Group AG boosted its stake in shares of Hycroft Mining by 5.4% during the 4th quarter. UBS Group AG now owns 996,148 shares of the company’s stock worth $23,678,000 after acquiring an additional 51,126 shares in the last quarter. 7.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of 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, According to data from MarketBeat, the stock presently has a consensus 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.