Key Points
- Director Marni Wieshofer sold 3,859 shares on Dec. 12 at an average price of $13.37 for $51,594.83, leaving her with 70,125 shares (a 5.22% reduction in her stake, valued at about $937,571).
- Hycroft shares opened at $13.07 with a market cap of $1.06 billion, a negative P/E of -8.07, a 12‑month range of $1.99–$14.34, and 50/200‑day moving averages of $9.25 and $6.03 respectively, reflecting recent price strength.
- Several institutions have initiated or increased positions recently, but analyst coverage remains weak with a MarketBeat consensus of "Sell" despite a recent upgrade to "Hold" from one firm and a reaffirmed "Sell (D-)" from another.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) Director Marni Wieshofer sold 3,859 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $13.37, for a total transaction of $51,594.83. Following the sale, the director directly owned 70,125 shares in the company, valued at $937,571.25. This trade represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hycroft Mining Price Performance
HYMC opened at $13.07 on Tuesday. The stock has a market cap of $1.06 billion, a P/E ratio of -8.07 and a beta of 2.71. Hycroft Mining Holding Corporation has a 12 month low of $1.99 and a 12 month high of $14.34. The company has a fifty day simple moving average of $9.25 and a 200 day simple moving average of $6.03. 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 (NASDAQ:HYMC - Get Free Report) last released its quarterly 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.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LM Asset IM Inc. purchased a new stake in shares of Hycroft Mining in the second quarter worth about $1,189,000. Clear Harbor Asset Management LLC acquired a new position in shares of Hycroft Mining during the 2nd quarter valued at about $141,000. Timelo Investment Management Inc. purchased a new stake in shares of Hycroft Mining in the second quarter valued at about $470,000. Bank of America Corp DE raised its stake in Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company's stock worth $25,000 after purchasing an additional 2,537 shares during the period. Finally, Virtu Financial LLC increased its stake in Hycroft Mining by 20.3% during the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company's stock worth $99,000 after buying an additional 2,700 shares during the period. 7.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on HYMC shares. Wall Street Zen upgraded Hycroft Mining from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".
View Our Latest Report on Hycroft Mining
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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