Hycroft Mining (NASDAQ:HYMC) SVP David Brian Thomas Sells 25,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 25,000 shares of Hycroft Mining stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $26.32, for a total value of $658,000.00. Following the sale, the senior vice president directly owned 168,374 shares in the company, valued at $4,431,603.68. The trade was a 12.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

David Brian Thomas also recently made the following trade(s):

• On Thursday, June 4th, David Brian Thomas sold 9,000 shares of Hycroft Mining stock. The stock was sold at an average price of $30.15, for a total value of $271,350.00.

Hycroft Mining Trading Up 1.7%

Shares of HYMC opened at $26.01 on Friday. The stock has a market cap of $2.38 billion, a PE ratio of -21.86 and a beta of 2.62. Hycroft Mining Holding Corporation has a 1 year low of $2.93 and a 1 year high of $58.73. The stock has a 50 day simple moving average of $34.86 and a 200-day simple moving average of $33.54.

Hycroft Mining (NASDAQ:HYMC) last announced 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

Large investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. bought a new position in Hycroft Mining in the 1st quarter valued at $34,000. Hollencrest Capital Management bought a new stake in shares of Hycroft Mining during the first quarter worth $35,000. FNY Investment Advisers LLC increased its stake in shares of Hycroft Mining by 1,666.7% in the fourth 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 in the last quarter. Legacy Wealth Managment LLC ID acquired a new stake in shares of Hycroft Mining in the first quarter valued at $44,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Hycroft Mining in the first quarter valued at $49,000. 7.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HYMC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Tuesday. 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.