Eric Sprott Acquires 200,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 200,000 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was purchased at an average cost of $38.67 per share, with a total value of $7,734,000.00. Following the transaction, the insider directly owned 37,303,704 shares in the company, valued at approximately $1,442,534,233.68. This represents a 0.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 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 Wednesday, March 4th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $47.58 per share, with a total value of $4,758,000.00.
• On Friday, February 20th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The stock was purchased at an average cost 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 stock was purchased at an average cost 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 stock was purchased at an average cost of $49.96 per share, with a total value of $4,996,000.00.
• On Wednesday, January 14th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $33.21 per share, with a total value of $6,642,000.00.

Hycroft Mining Stock Performance

Shares of NASDAQ:HYMC opened at $37.50 on Friday. Hycroft Mining Holding Corporation has a 52-week low of $2.71 and a 52-week high of $58.73. The firm has a market capitalization of $3.41 billion, a P/E ratio of -23.15 and a beta of 2.91. The stock has a 50 day moving average price of $38.68 and a 200-day moving average price of $24.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC increased its position in Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Hycroft Mining during the 4th quarter valued at approximately $52,000. Wells Fargo & Company MN bought a new position in Hycroft Mining during the 4th quarter valued at approximately $71,000. Kestra Advisory Services LLC bought a new position in Hycroft Mining during the 4th quarter valued at approximately $81,000. Finally, Bank of America Corp DE increased its position in Hycroft Mining by 166.6% during the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after buying an additional 2,537 shares in the last quarter. Institutional investors own 7.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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