Exchange Traded Concepts LLC Takes $572,000 Position in Hycroft Mining Holding Corporation $HYMC

Exchange Traded Concepts LLC acquired a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,077 shares of the company’s stock, valued at approximately $572,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in Hycroft Mining by 166.6% in the third 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 last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Hycroft Mining during the third quarter valued at approximately $96,000. Virtu Financial LLC grew its holdings in shares of Hycroft Mining by 20.3% during the third quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after purchasing an additional 2,700 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Hycroft Mining during the 2nd quarter worth approximately $101,000. Finally, Jane Street Group LLC acquired a new stake in shares of Hycroft Mining during the 1st quarter worth approximately $124,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Price Performance

HYMC stock opened at $36.01 on Friday. Hycroft Mining Holding Corporation has a fifty-two week low of $2.30 and a fifty-two week high of $58.73. The firm’s 50-day simple moving average is $39.74 and its 200 day simple moving average is $23.54. The stock has a market cap of $3.28 billion, a PE ratio of -22.23 and a beta of 2.91.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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.com, Hycroft Mining currently has a consensus rating of “Sell”.

Insider Activity

In other news, major shareholder Eric Sprott purchased 200,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were bought at an average price of $33.21 per share, for a total transaction of $6,642,000.00. Following the completion of the purchase, the insider owned 36,453,704 shares of the company’s stock, valued at $1,210,627,509.84. This trade represents a 0.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca Jennings sold 9,071 shares of Hycroft Mining stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $39.33, for a total value of $356,762.43. Following the sale, the senior vice president directly owned 215,794 shares in the company, valued at approximately $8,487,178.02. This trade represents a 4.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders acquired 875,000 shares of company stock valued at $35,185,750. 1.31% of the stock is owned by insiders.

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.