Rebecca Jennings Sells 1,194 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 1,194 shares of Hycroft Mining stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $28.64, for a total value of $34,196.16. Following the completion of the transaction, the senior vice president directly owned 202,498 shares in the company, valued at $5,799,542.72. This represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, June 12th, Rebecca Jennings sold 15,329 shares of Hycroft Mining stock. The stock was sold at an average price of $26.25, for a total value of $402,386.25.
• On Thursday, June 4th, Rebecca Jennings sold 11,300 shares of Hycroft Mining stock. The stock was sold at an average price of $30.27, for a total value of $342,051.00.

Hycroft Mining Stock Performance

HYMC traded down $1.27 during trading on Tuesday, reaching $26.57. The company had a trading volume of 2,314,060 shares, compared to its average volume of 3,613,477. The firm’s 50-day simple moving average is $35.46 and its 200 day simple moving average is $33.22. The company has a market cap of $2.43 billion, a price-to-earnings ratio of -22.33 and a beta of 2.62. Hycroft Mining Holding Corporation has a 12-month low of $2.93 and a 12-month high of $58.73.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Hycroft Mining

Several institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC grew its stake in Hycroft Mining by 1.1% during the 4th quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock valued at $1,000,000 after acquiring an additional 475 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Hycroft Mining during the 1st quarter valued at about $34,000. FNY Investment Advisers LLC lifted its holdings in shares of Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Hycroft Mining during the 1st quarter valued at about $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in shares of Hycroft Mining during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 7.38% of the company’s stock.

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.