Eric Sprott Buys 200,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 200,000 shares of Hycroft Mining stock in a transaction dated Monday, December 15th. The stock was purchased at an average cost of $13.02 per share, with a total value of $2,604,000.00. Following the completion of the purchase, the insider owned 30,186,352 shares of the company’s stock, valued at approximately $393,026,303.04. This represents a 0.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 Friday, December 12th, Eric Sprott bought 40,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $13.30 per share, for a total transaction of $532,000.00.
• On Thursday, December 11th, Eric Sprott purchased 120,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $12.36 per share, with a total value of $1,483,200.00.
• 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, for a total transaction of $698,400.00.
• On Tuesday, December 9th, Eric Sprott acquired 300,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $11.74 per share, for a total transaction of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott acquired 2,340,824 shares of Hycroft Mining stock. The stock was acquired at an average cost of $10.30 per share, with a total value 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 cost of $9.41 per share, for a total transaction of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott acquired 7,690,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $6.50 per share, with a total value of $49,985,000.00.

Hycroft Mining Trading Up 5.8%

Hycroft Mining stock opened at $14.00 on Thursday. Hycroft Mining Holding Corporation has a 1 year low of $1.99 and a 1 year high of $15.49. The firm’s 50 day moving average price is $9.52 and its 200-day moving average price is $6.16. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. The stock has a market cap of $1.13 billion, a P/E ratio of -8.64 and a beta of 2.71.

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 Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYMC. Bank of America Corp DE increased its stake in Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after acquiring an additional 2,537 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Hycroft Mining in the 3rd quarter valued at 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 worth $99,000 after purchasing an additional 2,700 shares during the period. XTX Topco Ltd bought a new position in shares of Hycroft Mining during the 2nd quarter valued at approximately $101,000. Finally, BNP Paribas Financial Markets increased its position in shares of Hycroft Mining by 5,537.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company’s stock valued at $201,000 after purchasing an additional 31,838 shares during the last quarter. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HYMC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. Wall Street Zen raised Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average 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.