Key Points
- Eric Sprott bought 500,000 Hycroft shares on Nov. 11 at an average price of $8.07 for $4,035,000, bringing his direct holdings to 25,725,528 shares (a 1.98% increase) valued at about $207.6 million, as disclosed to the SEC.
- Sprott has been aggressively accumulating HYMC with additional recent purchases including 500,000 shares on Nov. 13 at $9.41 ($4.705M), 7.69M shares on Oct. 14 at $6.50 (~$49.99M), and 9.34M shares on Sept. 10 at $4.28 (~$39.99M).
- Hycroft stock traded at $9.06 (down 0.9%) with a market cap of about $733.6M and a one‑year range of $1.99–$9.75, but analysts' consensus rating remains "Sell" and institutional ownership is only ~7.38%.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott bought 500,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average price of $8.07 per share, with a total value of $4,035,000.00. Following the completion of the acquisition, the insider directly owned 25,725,528 shares of the company's stock, valued at approximately $207,605,010.96. The trade was a 1.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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, November 13th, Eric Sprott bought 500,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $9.41 per share, with a total value of $4,705,000.00.
- On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $6.50 per share, for a total transaction of $49,985,000.00.
- On Wednesday, September 10th, Eric Sprott purchased 9,344,704 shares of Hycroft Mining stock. The stock was acquired at an average price of $4.28 per share, for a total transaction of $39,995,333.12.
Hycroft Mining Stock Down 0.9%
Shares of HYMC stock traded down $0.08 on Friday, hitting $9.06. The stock had a trading volume of 1,082,270 shares, compared to its average volume of 1,512,538. The business has a 50 day moving average price of $7.13 and a 200 day moving average price of $4.82. Hycroft Mining Holding Corporation has a one year low of $1.99 and a one year high of $9.75. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. The company has a market cap of $733.59 million, a PE ratio of -5.59 and a beta of 2.47.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last announced 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.
Wall Street Analysts Forecast Growth
HYMC has been the subject of a number of analyst reports. Wall Street Zen raised Hycroft Mining from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. Weiss Ratings reissued a "sell (d-)" rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One equities 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".
View Our Latest Stock Report on HYMC
Hedge Funds Weigh In On Hycroft Mining
Several institutional investors have recently made changes to their positions in the stock. Occudo Quantitative Strategies LP acquired a new stake in shares of Hycroft Mining in the 3rd quarter worth about $96,000. Virtu Financial LLC lifted its stake in 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 bought a new position in shares of Hycroft Mining in the second quarter valued at $101,000. Jane Street Group LLC acquired a new stake in shares of Hycroft Mining during the 1st quarter valued at $124,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Hycroft Mining during the 1st quarter worth $136,000. 7.38% of the stock is owned by institutional investors.
About Hycroft Mining
(
Get Free Report)
Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.
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