Hycroft Mining (NASDAQ:HYMC) Major Shareholder Purchases $2,479,000.00 in Stock

Key Points

  • Eric Sprott purchased 400,000 Hycroft shares on Dec. 29 at $22.70 each, bringing his direct stake to about 31,456,352 shares valued at roughly $714 million (a ~1.29% incremental ownership increase).
  • Sprott has been aggressively accumulating HYMC throughout December — including a Dec. 3 buy of 2,340,824 shares at ~$10.30 (~$24.1M) and multiple other purchases totaling tens of millions, signaling strong insider confidence.
  • Market signals are mixed: HYMC recently traded around $23.48 (50-day MA $12.18, 200-day MA $7.38), but there was an unusual spike of 9,876 put contracts (a 321% jump), indicating elevated bearish bets or hedging activity.

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott purchased 100,000 shares of Hycroft Mining stock in a transaction that occurred on Wednesday, December 24th. The shares were bought at an average cost of $24.79 per share, for a total transaction of $2,479,000.00. Following the transaction, the insider directly owned 30,856,352 shares of the company's stock, valued at $764,928,966.08. This represents a 0.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 29th, Eric Sprott acquired 400,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $22.70 per share, with a total value of $9,080,000.00.
  • On Friday, December 26th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were bought at an average price of $24.93 per share, with a total value of $4,986,000.00.
  • On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The stock was bought at an average price of $16.31 per share, for a total transaction of $2,446,500.00.
  • On Wednesday, December 17th, Eric Sprott purchased 220,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $14.60 per share, with a total value of $3,212,000.00.
  • On Monday, December 15th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $13.02 per share, with a total value 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, for a total transaction of $532,000.00.
  • On Thursday, December 11th, Eric Sprott bought 120,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $12.36 per share, for a total transaction of $1,483,200.00.
  • On Wednesday, December 10th, Eric Sprott bought 60,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $11.64 per share, with a total value of $698,400.00.
  • On Tuesday, December 9th, Eric Sprott purchased 300,000 shares of Hycroft Mining stock. The shares were purchased 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 purchased at an average cost of $10.30 per share, for a total transaction of $24,110,487.20.

Hycroft Mining Stock Up 0.9%




Shares of HYMC opened at $23.48 on Wednesday. The firm has a 50 day simple moving average of $12.18 and a two-hundred day simple moving average of $7.38. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. Hycroft Mining Holding Corporation has a one year low of $2.00 and a one year high of $29.80. The company has a market cap of $1.90 billion, a P/E ratio of -14.49 and a beta of 2.71.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02.

More Hycroft Mining News

Here are the key news stories impacting Hycroft Mining this week:

  • Positive Sentiment: Eric Sprott bought a total of 700,000 Hycroft shares across Dec. 24, 26 and 29 (100k @ $24.79, 200k @ $24.93, 400k @ $22.70), spending roughly $16.55 million and increasing his stake to ~31.46M shares (a ~1.29% incremental increase on the most recent filing). Insider accumulation at these price levels is a clear confidence signal and likely adds direct buying pressure/support to the share price. Read More.
  • Negative Sentiment: Unusually large put-option activity: traders purchased 9,876 put contracts on Monday — a 321% jump versus the typical daily put volume (~2,345). That represents a materially larger-than-normal bet on downside (roughly 987,600 shares of underlying exposure via standard 100-share contracts) and may signal increased bearish sentiment or hedging demand that can raise implied volatility and exert short-term downward pressure on the stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its position in Hycroft Mining by 125.3% during the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company's stock worth $9,711,000 after buying an additional 871,030 shares during the period. Vanguard Group Inc. increased its position in Hycroft Mining by 18.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,133,290 shares of the company's stock valued at $7,026,000 after acquiring an additional 179,050 shares during the period. UBS Group AG raised its stake in shares of Hycroft Mining by 711.9% during the third quarter. UBS Group AG now owns 945,022 shares of the company's stock valued at $5,859,000 after acquiring an additional 828,625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hycroft Mining by 43.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 882,624 shares of the company's stock valued at $5,472,000 after acquiring an additional 268,633 shares during the last quarter. Finally, Sprott Inc. lifted its holdings in shares of Hycroft Mining by 11.7% during the third quarter. Sprott Inc. now owns 816,253 shares of the company's stock worth $5,061,000 after purchasing an additional 85,490 shares during the period. Institutional investors own 7.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HYMC. Wall Street Zen upgraded shares of Hycroft Mining from a "sell" rating to a "hold" rating in a research 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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

Get Our Latest Report on HYMC

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.

See Also

Insider Buying and Selling by Quarter for Hycroft Mining (NASDAQ:HYMC)

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