Hycroft Mining (NASDAQ:HYMC) Major Shareholder Buys $4,035,000.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 500,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $4,035,000.00. Following the completion of the acquisition, the insider owned 25,725,528 shares in the company, valued at approximately $207,605,010.96. This trade represents a 1.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Thursday, November 13th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The stock was bought at an average price of $9.41 per share, for a total transaction of $4,705,000.00.
• On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $6.50 per share, with a total value of $49,985,000.00.
• On Wednesday, September 10th, Eric Sprott purchased 9,344,704 shares of Hycroft Mining stock. The shares were acquired at an average price of $4.28 per share, for a total transaction of $39,995,333.12.

Hycroft Mining Price Performance

Hycroft Mining stock opened at $9.06 on Monday. The stock’s 50 day moving average is $7.13 and its 200 day moving average is $4.84. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. Hycroft Mining Holding Corporation has a one year low of $1.99 and a one year high of $9.75. The firm has a market cap of $733.59 million, a P/E ratio of -5.59 and a beta of 2.47.

Hycroft Mining (NASDAQ:HYMC) last issued its earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02.

Institutional Trading of Hycroft Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC boosted its holdings in Hycroft Mining by 20.3% during the third quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock worth $99,000 after buying an additional 2,700 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Hycroft Mining by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock valued at $713,000 after acquiring an additional 3,146 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Hycroft Mining during the 3rd quarter worth $96,000. BNP Paribas Financial Markets grew its holdings in shares of Hycroft Mining by 5,537.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company’s stock worth $201,000 after acquiring an additional 31,838 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Hycroft Mining during the second quarter worth $101,000. 7.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hycroft Mining currently has a consensus rating of “Sell”.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.