Key Points
- Eric Sprott bought 200,000 Hycroft shares on December 15 at $13.02 each for $2.604M, increasing his holdings to 30,186,352 shares valued at about $393.0M (a 0.67% ownership increase).
- The December 15 purchase is part of an ongoing accumulation by Sprott, who has spent roughly $92 million on multiple Hycroft buys since October (notable blocks include 7.69M shares on Oct. 14 and 2.34M on Dec. 3).
- Hycroft shares opened at $13.23 with a 52‑week range of $1.99–$14.34 and a market cap of about $1.07B, yet the consensus analyst rating on the stock remains Sell.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott purchased 40,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of $13.30 per share, with a total value of $532,000.00. Following the purchase, the insider owned 29,986,352 shares in the company, valued at $398,818,481.60. This represents a 0.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 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 Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $13.02 per share, with a total value of $2,604,000.00.
- On Thursday, December 11th, Eric Sprott purchased 120,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $12.36 per share, for a total transaction of $1,483,200.00.
- On Wednesday, December 10th, Eric Sprott acquired 60,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $11.64 per share, with a total value of $698,400.00.
- On Tuesday, December 9th, Eric Sprott bought 300,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $11.74 per share, for a total transaction of $3,522,000.00.
- On Wednesday, December 3rd, Eric Sprott purchased 2,340,824 shares of Hycroft Mining stock. The stock was bought at an average cost of $10.30 per share, with a total value of $24,110,487.20.
- On Thursday, November 13th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The shares were bought at an average price of $9.41 per share, with a total value of $4,705,000.00.
- On Tuesday, November 11th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $8.07 per share, for a total transaction of $4,035,000.00.
- On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The stock was bought at an average price of $6.50 per share, with a total value of $49,985,000.00.
Hycroft Mining Stock Up 1.2%
Shares of Hycroft Mining stock opened at $13.23 on Wednesday. Hycroft Mining Holding Corporation has a 12-month low of $1.99 and a 12-month high of $14.34. 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 stock has a 50 day moving average price of $9.38 and a two-hundred day moving average price of $6.11. The stock has a market capitalization of $1.07 billion, a P/E ratio of -8.17 and a beta of 2.71.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.02.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. Wall Street Zen raised Hycroft Mining from a "sell" rating to a "hold" rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".
View Our Latest Stock Report on Hycroft Mining
Hedge Funds Weigh In On Hycroft Mining
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Hycroft Mining by 166.6% in 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. Occudo Quantitative Strategies LP acquired a new position in shares of Hycroft Mining in the third quarter valued at $96,000. Virtu Financial LLC raised its stake in shares of Hycroft Mining by 20.3% in 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 in the last quarter. XTX Topco Ltd bought a new position in Hycroft Mining in the second quarter worth $101,000. Finally, BNP Paribas Financial Markets boosted its stake in Hycroft Mining by 5,537.0% during the third quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company's stock worth $201,000 after buying an additional 31,838 shares in the last quarter. 7.38% of the stock is currently 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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