Eric Sprott Acquires 100,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was bought at an average price of $47.58 per share, for a total transaction of $4,758,000.00. Following the completion of the acquisition, the insider owned 37,003,704 shares of the company’s stock, valued at approximately $1,760,636,236.32. The trade was a 0.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own more than 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, February 20th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The shares were bought at an average price of $42.05 per share, with a total value of $6,307,500.00.
• On Thursday, January 29th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $45.99 per share, with a total value of $9,198,000.00.
• On Monday, January 26th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was bought at an average price of $49.96 per share, for a total transaction of $4,996,000.00.
• 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, for a total transaction 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 purchased at an average price of $26.08 per share, with a total value 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 cost of $22.70 per share, for a total transaction of $9,080,000.00.
• On Friday, December 26th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $16.31 per share, with a total value of $2,446,500.00.

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $38.79 on Friday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of -23.94 and a beta of 2.58. The stock’s fifty day moving average price is $38.20 and its two-hundred day moving average price is $19.10. Hycroft Mining Holding Corporation has a one year low of $2.30 and a one year high of $58.73.

Institutional Investors Weigh In On Hycroft Mining

Several institutional investors and hedge funds have recently bought and sold shares of HYMC. FNY Investment Advisers LLC grew its stake in Hycroft Mining by 1,666.7% during 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 in the last quarter. Bank of America Corp DE lifted its holdings in shares of Hycroft Mining by 166.6% during the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after acquiring an additional 2,537 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Hycroft Mining during the 4th quarter worth approximately $52,000. Wells Fargo & Company MN acquired a new stake in shares of Hycroft Mining during the 4th quarter worth approximately $71,000. Finally, Kestra Advisory Services LLC bought a new position in Hycroft Mining in the fourth quarter valued at approximately $81,000. Institutional investors own 7.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.