95,500 Shares in Hycroft Mining Holding Corporation $HYMC Bought by Swiss National Bank

Swiss National Bank purchased a new stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 95,500 shares of the company’s stock, valued at approximately $3,362,000.

Several other large investors also recently bought and sold shares of HYMC. Bank of New York Mellon Corp increased its position in shares of Hycroft Mining by 11.7% during the first quarter. Bank of New York Mellon Corp now owns 15,555 shares of the company’s stock worth $548,000 after purchasing an additional 1,629 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of Hycroft Mining in the 1st quarter valued at about $212,000. Bleakley Financial Group LLC acquired a new stake in shares of Hycroft Mining in the 1st quarter valued at about $1,117,000. 180 Wealth Advisors LLC purchased a new position in Hycroft Mining during the 1st quarter worth approximately $1,164,000. Finally, Kestra Advisory Services LLC grew its stake in Hycroft Mining by 70.5% during the 1st quarter. Kestra Advisory Services LLC now owns 5,815 shares of the company’s stock worth $205,000 after buying an additional 2,405 shares during the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Stock Down 4.8%

Shares of HYMC stock opened at $19.16 on Thursday. The stock’s 50-day moving average price is $24.92 and its 200 day moving average price is $34.12. The stock has a market capitalization of $1.75 billion, a PE ratio of -16.10 and a beta of 2.71. Hycroft Mining Holding Corporation has a 52-week low of $3.22 and a 52-week high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Analysts expect that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HYMC has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday, June 16th. Zacks Research upgraded shares of Hycroft Mining to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Finally, B. Riley Financial began coverage on shares of Hycroft Mining in a research report on Friday, July 10th. They issued a “buy” rating and a $28.00 price target for the company. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hycroft Mining presently has an average rating of “Hold” and a consensus price target of $28.00.

Insider Activity

In other news, SVP David Brian Thomas sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.32, for a total transaction of $658,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stanton K. Rideout sold 16,500 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $30.18, for a total transaction of $497,970.00. Following the transaction, the chief financial officer directly owned 481,947 shares of the company’s stock, valued at $14,545,160.46. This represents a 3.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 99,873 shares of company stock valued at $2,884,778. Corporate insiders own 0.77% of the company’s stock.

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.