Eric Sprott Acquires 400,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 400,000 shares of the stock in a transaction on Monday, December 29th. The stock was bought at an average price of $22.70 per share, for a total transaction of $9,080,000.00. Following the completion of the purchase, the insider directly owned 31,456,352 shares in the company, valued at approximately $714,059,190.40. The trade was a 1.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, December 26th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were bought at an average price of $24.93 per share, with a total value of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott acquired 150,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $16.31 per share, for a total transaction of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott acquired 220,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $14.60 per share, with a total value of $3,212,000.00.
• On Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott bought 40,000 shares of Hycroft Mining stock. The stock was purchased at an average cost 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 shares were purchased at an average cost of $12.36 per share, with a total value of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott acquired 60,000 shares of Hycroft Mining stock. The stock was purchased at an average price 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 acquired at an average cost of $11.74 per share, for a total transaction of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott bought 2,340,824 shares of Hycroft Mining stock. The shares were acquired at an average price of $10.30 per share, for a total transaction of $24,110,487.20.

Hycroft Mining Stock Performance

Shares of HYMC stock opened at $23.77 on Thursday. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. The stock has a 50 day simple moving average of $12.51 and a 200-day simple moving average of $7.49. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -14.67 and a beta of 2.71. Hycroft Mining Holding Corporation has a 12-month low of $2.00 and a 12-month high of $29.80.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data 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 Investors Weigh In On Hycroft Mining

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after buying an additional 2,537 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Hycroft Mining during the third quarter worth approximately $96,000. Virtu Financial LLC grew its stake in 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 acquiring an additional 2,700 shares during the period. XTX Topco Ltd acquired a new position in Hycroft Mining in the 2nd quarter valued at $101,000. Finally, Jane Street Group LLC purchased a new position in shares of Hycroft Mining during the 1st quarter worth $124,000. 7.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HYMC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Key Headlines Impacting Hycroft Mining

Here are the key news stories impacting Hycroft Mining this week:

• Positive Sentiment: Major shareholder Eric Sprott has been accumulating shares aggressively (recent buys include 100k on Dec. 24 @ $24.79, 200k on Dec. 26 @ $24.93 and 400k on Dec. 29 @ $22.70 — roughly $16.5M in the latest tranche), raising his stake to ~31.46M shares. This volume of insider accumulation signals confidence and creates direct buying/support pressure. Sprott Eric buys HYMC stock worth $16.5 million
• Neutral Sentiment: Institutional activity shows recent inflows from several funds (Tidal, Vanguard, UBS, Mirae), which may provide steady demand but are incremental relative to Sprott’s concentrated buying; analysts remain mixed with an average “Sell” rating and a few downgrades/holds — this produces limited directional impact absent fundamental news.
• Negative Sentiment: Company SVP David Brian Thomas sold 15,000 shares on Dec. 29 at ~$21.21 (total ≈ $318k), trimming his position by ~15.6%. The sale is small relative to Sprott’s purchases but can be perceived negatively by some traders. SEC filing: SVP sale
• Negative Sentiment: Unusually large put-option activity was reported (a several-hundred‑percent jump vs. typical daily put volume), implying increased hedging or bearish bets; this can push implied volatility higher and apply short‑term downward pressure even while shares rise on insider buying.

Hycroft Mining Company Profile

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.