Centaurus Financial Inc. Raises Holdings in Hycroft Mining Holding Corporation $HYMC

Centaurus Financial Inc. lifted its position in Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 734.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,877 shares of the company’s stock after purchasing an additional 50,058 shares during the quarter. Centaurus Financial Inc.’s holdings in Hycroft Mining were worth $2,002,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in Hycroft Mining during the 1st quarter valued at approximately $34,000. Hollencrest Capital Management purchased a new stake in shares of Hycroft Mining during the 1st quarter worth approximately $35,000. FNY Investment Advisers LLC raised 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 worth $25,000 after acquiring an additional 1,000 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new position in shares of Hycroft Mining during the 1st quarter valued at approximately $44,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Hycroft Mining during the 1st quarter valued at approximately $49,000. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

Hycroft Mining Stock Performance

Shares of Hycroft Mining stock opened at $20.07 on Friday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -16.87 and a beta of 2.71. The stock has a 50 day moving average price of $24.66 and a 200-day moving average price of $34.07. Hycroft Mining Holding Corporation has a one year low of $3.22 and a one year high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Sell-side analysts predict that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Stanton K. Rideout sold 16,500 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.18, for a total value of $497,970.00. Following the completion of the sale, the chief financial officer owned 481,947 shares in the company, valued at approximately $14,545,160.46. This trade represents a 3.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Brian Thomas sold 25,000 shares of Hycroft Mining stock in a transaction dated Tuesday, June 16th. The stock was 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 of the company’s stock, valued at approximately $4,431,603.68. This represents a 12.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 99,873 shares of company stock worth $2,884,778. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.