Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) major shareholder Eric Sprott acquired 100,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were purchased at an average cost of $26.08 per share, for a total transaction of $2,608,000.00. Following the completion of the purchase, the insider directly owned 31,556,352 shares of the company’s stock, valued at approximately $822,989,660.16. The trade was a 0.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% 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 Friday, January 9th, Eric Sprott bought 25,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $27.05 per share, for a total transaction of $676,250.00.
- On Monday, December 29th, Eric Sprott purchased 400,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $22.70 per share, for a total transaction of $9,080,000.00.
- On Friday, December 26th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $24.93 per share, with a total value of $4,986,000.00.
- On Wednesday, December 24th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The stock was acquired at an average price 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 acquired at an average cost of $16.31 per share, for a total transaction of $2,446,500.00.
- On Wednesday, December 17th, Eric Sprott bought 220,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $14.60 per share, for a total transaction of $3,212,000.00.
- On Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $13.02 per share, with a total value of $2,604,000.00.
- On Friday, December 12th, Eric Sprott purchased 40,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $13.30 per share, with a total value of $532,000.00.
- On Thursday, December 11th, Eric Sprott purchased 120,000 shares of Hycroft Mining stock. The shares were bought at an average price of $12.36 per share, for a total transaction of $1,483,200.00.
- On Wednesday, December 10th, Eric Sprott acquired 60,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $11.64 per share, for a total transaction of $698,400.00.
Hycroft Mining Trading Up 3.6%
HYMC opened at $27.13 on Friday. Hycroft Mining Holding Corporation has a 1-year low of $2.00 and a 1-year high of $30.33. The stock has a market capitalization of $2.25 billion, a PE ratio of -16.75 and a beta of 2.64. 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 firm has a 50-day moving average price of $15.22 and a two-hundred day moving average price of $8.65.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.
Get Our Latest Stock Report on Hycroft Mining
Institutional Investors Weigh In On Hycroft Mining
Several large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of 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 purchasing an additional 2,537 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Hycroft Mining during the 3rd quarter worth $96,000. Virtu Financial LLC lifted 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 acquiring an additional 2,700 shares in the last quarter. XTX Topco Ltd acquired a new position in Hycroft Mining in the second quarter valued at about $101,000. Finally, Jane Street Group LLC bought a new stake in shares of Hycroft Mining in the first quarter worth about $124,000. Institutional investors own 7.38% of the company’s stock.
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.
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