Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Purchases 100,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 100,000 shares of the stock in a transaction on Monday, January 26th. The shares were bought at an average price of $49.96 per share, with a total value of $4,996,000.00. Following the acquisition, the insider owned 36,553,704 shares of the company’s stock, valued at $1,826,223,051.84. This trade represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, January 14th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $33.21 per share, with a total value of $6,642,000.00.
• On Friday, January 9th, Eric Sprott acquired 25,000 shares of Hycroft Mining stock. The shares were bought at an average price of $27.05 per share, with a total value of $676,250.00.
• On Thursday, January 8th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $26.08 per share, for a total transaction of $2,608,000.00.
• On Monday, December 29th, Eric Sprott bought 400,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $22.70 per share, with a total value of $9,080,000.00.
• On Friday, December 26th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were purchased at an average cost 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 stock was purchased at an average price of $24.79 per share, for a total transaction 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 bought 220,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $14.60 per share, with a total value of $3,212,000.00.
• On Monday, December 15th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $13.02 per share, for a total transaction of $2,604,000.00.
• On Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $13.30 per share, with a total value of $532,000.00.

Hycroft Mining Stock Up 10.6%

Hycroft Mining stock opened at $54.85 on Wednesday. Hycroft Mining Holding Corporation has a 1-year low of $2.05 and a 1-year high of $58.73. The business has a fifty day moving average price of $22.95 and a 200-day moving average price of $11.85. 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 capitalization of $4.55 billion, a price-to-earnings ratio of -33.86 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 for the quarter, topping the consensus estimate of ($0.24) by $0.02.

Hedge Funds Weigh In On Hycroft Mining

Several institutional investors and hedge funds have recently modified their holdings of HYMC. FNY Investment Advisers LLC boosted its stake in shares of Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the last quarter. Bank of America Corp DE boosted its position in Hycroft Mining by 166.6% in the 3rd 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 shares of Hycroft Mining during the 3rd quarter worth approximately $96,000. Virtu Financial LLC grew 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 worth $99,000 after purchasing an additional 2,700 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Hycroft Mining during the 2nd quarter valued at approximately $101,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on HYMC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Hycroft Mining presently has a consensus rating of “Sell”.

About Hycroft Mining

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.