Key Points
- Eric Sprott purchased 220,000 shares of Hycroft Mining on Dec. 17 at $14.60 each ($3.212M), bringing his direct stake to 30,606,352 shares valued at about $446.85M (a 0.72% increase).
- Eric Sprott has been aggressively accumulating Hycroft shares since Oct. 14, buying nearly 12 million additional shares across multiple trades at prices ranging from $6.50 to $14.60, including a 7.69M-share purchase on Oct. 14.
- HYMC stock jumped roughly 9.7% to $15.36 and is trading near its 12‑month high with a $1.24 billion market cap, despite a consensus analyst rating of "Sell."
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott acquired 220,000 shares of Hycroft Mining stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $14.60 per share, for a total transaction of $3,212,000.00. Following the completion of the acquisition, the insider directly owned 30,606,352 shares in the company, valued at $446,852,739.20. This trade represents a 0.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% 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 Monday, December 15th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $13.02 per share, for a total transaction of $2,604,000.00.
- On Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $13.30 per share, with a total value of $532,000.00.
- On Thursday, December 11th, Eric Sprott bought 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 purchased 60,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $11.64 per share, with a total value of $698,400.00.
- On Tuesday, December 9th, Eric Sprott acquired 300,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $11.74 per share, for a total transaction of $3,522,000.00.
- On Wednesday, December 3rd, Eric Sprott acquired 2,340,824 shares of Hycroft Mining stock. The shares were acquired at an average cost of $10.30 per share, for a total transaction of $24,110,487.20.
- On Thursday, November 13th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $9.41 per share, with a total value of $4,705,000.00.
- On Tuesday, November 11th, Eric Sprott bought 500,000 shares of Hycroft Mining stock. The shares were 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 purchased 7,690,000 shares of Hycroft Mining stock. The stock was bought at an average price of $6.50 per share, for a total transaction of $49,985,000.00.
Hycroft Mining Trading Up 9.7%
HYMC opened at $15.36 on Friday. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -9.48 and a beta of 2.71. Hycroft Mining Holding Corporation has a 12 month low of $1.99 and a 12 month high of $15.49. The stock has a fifty day moving average price of $9.67 and a 200-day moving average price of $6.22.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.02.
Institutional Trading of Hycroft Mining
A number of institutional investors have recently bought and sold shares of HYMC. Bank of America Corp DE raised its stake in 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 last quarter. Virtu Financial LLC increased its holdings 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 during the period. Geode Capital Management LLC increased its holdings in shares of Hycroft Mining by 1.4% in the second quarter. Geode Capital Management LLC now owns 227,603 shares of the company's stock valued at $713,000 after purchasing an additional 3,146 shares during the period. Occudo Quantitative Strategies LP purchased a new position in shares of Hycroft Mining in the third quarter worth about $96,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Hycroft Mining by 5,537.0% in the third quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company's stock worth $201,000 after purchasing an additional 31,838 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Hycroft Mining from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".
Check Out Our Latest Research Report on HYMC
Hycroft Mining Company Profile
(
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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