Eric Sprott Purchases 25,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 25,000 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was acquired at an average price of $27.05 per share, for a total transaction of $676,250.00. Following the acquisition, the insider directly owned 31,581,352 shares in the company, valued at $854,275,571.60. The trade was a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major 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 Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were bought at an average price of $26.08 per share, with a total value of $2,608,000.00.
• On Monday, December 29th, Eric Sprott acquired 400,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $22.70 per share, with a total value of $9,080,000.00.
• On Friday, December 26th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was bought at an average price of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $24.79 per share, for a total transaction of $2,479,000.00.
• On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $16.31 per share, with a total value of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott acquired 220,000 shares of Hycroft Mining stock. The shares were bought 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 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 price 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 purchased at an average cost of $12.36 per share, for a total transaction of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott purchased 60,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $11.64 per share, for a total transaction of $698,400.00.

Hycroft Mining Trading Up 3.6%

NASDAQ:HYMC opened at $27.13 on Friday. Hycroft Mining Holding Corporation has a 52 week low of $2.00 and a 52 week high of $30.33. The firm has a 50-day moving average price of $15.22 and a two-hundred day moving average price of $8.65. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -16.75 and a beta of 2.64.

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

Institutional Investors Weigh In On Hycroft Mining

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position 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 purchasing an additional 2,537 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in shares of Hycroft Mining during the 3rd quarter valued at approximately $96,000. Virtu Financial LLC lifted its stake in shares of Hycroft Mining by 20.3% during 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 in the last quarter. XTX Topco Ltd purchased a new position in Hycroft Mining in the 2nd quarter valued at approximately $101,000. Finally, Jane Street Group LLC purchased a new stake in shares of Hycroft Mining during the first quarter worth $124,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HYMC has been the topic 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 reiterated 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 MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.