Key Points
- Eric Sprott bought 150,000 Hycroft Mining shares on Dec. 19 at an average price of $16.31 for $2.45M, bringing his direct stake to 30,756,352 shares valued at roughly $501.6M (a 0.49% increase).
- The Dec. 19 purchase is part of an aggressive accumulation since October, including 7.69M shares on Oct. 14 and 2.34M shares on Dec. 3, signaling sustained insider buying.
- Hycroft shares jumped about 10.7%, opening at $27.14, with a 50‑day/200‑day moving average of $10.57/$6.65 and a market capitalization near $2.2B.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott acquired 150,000 shares of Hycroft Mining stock in a transaction on Friday, December 19th. The shares were purchased at an average price of $16.31 per share, for a total transaction of $2,446,500.00. Following the completion of the purchase, the insider directly owned 30,756,352 shares of the company's stock, valued at approximately $501,636,101.12. This represents a 0.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large 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 Wednesday, December 17th, Eric Sprott purchased 220,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $14.60 per share, with a total value of $3,212,000.00.
- On Monday, December 15th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were purchased at an average price 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 shares were 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, with a total value 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, for a total transaction of $698,400.00.
- On Tuesday, December 9th, Eric Sprott purchased 300,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $11.74 per share, with a total value of $3,522,000.00.
- On Wednesday, December 3rd, Eric Sprott acquired 2,340,824 shares of Hycroft Mining stock. The stock was 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 bought 500,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $9.41 per share, for a total transaction of $4,705,000.00.
- On Tuesday, November 11th, Eric Sprott bought 500,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $8.07 per share, with a total value 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 cost of $6.50 per share, with a total value of $49,985,000.00.
Hycroft Mining Trading Up 10.7%
Shares of Hycroft Mining stock opened at $27.14 on Wednesday. The firm's 50 day moving average is $10.57 and its 200 day moving average is $6.65. The firm has a market capitalization of $2.20 billion, a PE ratio of -16.75 and a beta of 2.71. Hycroft Mining Holding Corporation has a 1 year low of $1.99 and a 1 year high of $29.80. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its earnings results 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 Investors Weigh In On Hycroft Mining
Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC lifted its stake in shares of Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company's stock worth $9,711,000 after acquiring an additional 871,030 shares during the period. UBS Group AG raised its holdings in Hycroft Mining by 711.9% during the 3rd quarter. UBS Group AG now owns 945,022 shares of the company's stock worth $5,859,000 after purchasing an additional 828,625 shares during the last quarter. LM Asset IM Inc. bought a new position in Hycroft Mining during the 2nd quarter worth approximately $1,189,000. Millennium Management LLC acquired a new position in shares of Hycroft Mining in the 3rd quarter worth approximately $2,193,000. Finally, Two Sigma Investments LP boosted its stake in shares of Hycroft Mining by 328.7% in the 3rd quarter. Two Sigma Investments LP now owns 387,375 shares of the company's stock valued at $2,402,000 after purchasing an additional 297,007 shares during the last quarter. Institutional investors own 7.38% of the company's stock.
Wall Street Analysts Forecast Growth
HYMC has been the topic of a number of recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen upgraded 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 MarketBeat.com, the stock has an average rating of "Sell".
Get Our Latest Research Report on Hycroft Mining
Hycroft Mining Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
