Hycroft Mining (NASDAQ:HYMC) Major Shareholder Buys $1,483,200.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 120,000 shares of Hycroft Mining stock in a transaction dated Thursday, December 11th. The shares were bought at an average cost of $12.36 per share, for a total transaction of $1,483,200.00. Following the completion of the purchase, the insider directly owned 29,946,352 shares of the company’s stock, valued at approximately $370,136,910.72. The trade was a 0.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, December 10th, Eric Sprott purchased 60,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $11.64 per share, with a total value of $698,400.00.
• On Tuesday, December 9th, Eric Sprott acquired 300,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $11.74 per share, with a total value of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott bought 2,340,824 shares of Hycroft Mining stock. The stock was purchased at an average cost of $10.30 per share, for a total transaction of $24,110,487.20.
• On Thursday, November 13th, Eric Sprott bought 500,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $9.41 per share, with a total value of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott bought 500,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $8.07 per share, for a total transaction of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott purchased 7,690,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $6.50 per share, for a total transaction of $49,985,000.00.

Hycroft Mining Stock Up 8.4%

NASDAQ:HYMC opened at $13.40 on Friday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -8.27 and a beta of 2.71. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. Hycroft Mining Holding Corporation has a twelve month low of $1.99 and a twelve month high of $13.74. The stock has a fifty day simple moving average of $9.11 and a 200-day simple moving average of $5.94.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.02.

Analysts Set New Price Targets

A number of research firms recently weighed in on HYMC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Hycroft Mining

A number of hedge funds have recently modified their holdings of HYMC. Bank of America Corp DE raised its holdings in Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after purchasing an additional 2,537 shares during the period. Occudo Quantitative Strategies LP bought a new position in shares of Hycroft Mining during the 3rd quarter worth approximately $96,000. Virtu Financial LLC boosted its holdings in shares of Hycroft Mining by 20.3% in the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after buying an additional 2,700 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Hycroft Mining in the 2nd quarter valued at about $101,000. Finally, Jane Street Group LLC acquired a new position in Hycroft Mining during the first quarter worth approximately $124,000. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Hycroft Mining Company Profile

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.