Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Acquires 150,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott purchased 150,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average cost of $42.05 per share, for a total transaction of $6,307,500.00. Following the completion of the acquisition, the insider directly owned 36,903,704 shares of the company’s stock, valued at $1,551,800,753.20. This represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Thursday, January 29th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $45.99 per share, with a total value of $9,198,000.00.
• On Monday, January 26th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $49.96 per share, for a total transaction of $4,996,000.00.
• On Wednesday, January 14th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $33.21 per share, for a total transaction of $6,642,000.00.
• On Friday, January 9th, Eric Sprott purchased 25,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $27.05 per share, with a total value of $676,250.00.
• On Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $26.08 per share, for a total transaction of $2,608,000.00.
• On Monday, December 29th, Eric Sprott acquired 400,000 shares of Hycroft Mining stock. The stock was acquired at an average price 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 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 purchased 100,000 shares of Hycroft Mining stock. The stock was 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 cost of $14.60 per share, for a total transaction of $3,212,000.00.

Hycroft Mining Stock Up 2.4%

Shares of NASDAQ HYMC opened at $42.05 on Tuesday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -25.96 and a beta of 2.61. The company’s 50-day simple moving average is $33.36 and its 200-day simple moving average is $16.54. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. Hycroft Mining Holding Corporation has a 52-week low of $2.22 and a 52-week high of $58.73.

Analyst Ratings Changes

HYMC has been the topic of several research reports. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Hycroft Mining

Large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC raised its holdings in shares of Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. Bank of America Corp DE grew its holdings 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 purchasing an additional 2,537 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in Hycroft Mining during the fourth quarter worth about $52,000. Wells Fargo & Company MN purchased a new position in Hycroft Mining during the fourth quarter worth about $71,000. Finally, Kestra Advisory Services LLC acquired a new position in Hycroft Mining in the 4th quarter valued at about $81,000. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

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.