Key Points
- Eric Sprott bought 25,000 Hycroft shares on Jan 9 at $27.05, raising his holding to 31,581,352 shares (about $854.3 million); the purchase was disclosed in an SEC filing.
- The Jan 9 trade is part of a recent buying spree in December–January in which Sprott acquired roughly 1.615 million shares across multiple transactions, signaling substantial insider accumulation.
- Hycroft shares have rallied (up ~3.6% on the report), trading near a 52‑week high of $30.33 with a market cap of about $2.25 billion and a 50‑day SMA (~$15.22) well below current price.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott bought 25,000 shares of the company's stock in a transaction on Friday, January 9th. The stock was bought at an average cost of $27.05 per share, with a total value of $676,250.00. Following the completion of the purchase, the insider owned 31,581,352 shares of the company's stock, valued at approximately $854,275,571.60. The trade was a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Eric Sprott also recently made the following trade(s):
- On Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $26.08 per share, with a total value of $2,608,000.00.
- On Monday, December 29th, Eric Sprott acquired 400,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $22.70 per share, for a total transaction of $9,080,000.00.
- On Friday, December 26th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $24.93 per share, for a total transaction of $4,986,000.00.
- On Wednesday, December 24th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $24.79 per share, with a total value of $2,479,000.00.
- On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $16.31 per share, for a total transaction of $2,446,500.00.
- On Wednesday, December 17th, Eric Sprott acquired 220,000 shares of Hycroft Mining stock. The stock was purchased at an average price 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 bought 40,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $13.30 per share, for a total transaction of $532,000.00.
- 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, with a total value of $1,483,200.00.
- On Wednesday, December 10th, Eric Sprott purchased 60,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $11.64 per share, with a total value of $698,400.00.
Hycroft Mining Trading Up 3.6%
Shares of NASDAQ HYMC opened at $27.13 on Friday. Hycroft Mining Holding Corporation has a fifty-two week low of $2.00 and a fifty-two week high of $30.33. The firm has a market capitalization of $2.25 billion, a P/E ratio of -16.75 and a beta of 2.64. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. The company's 50 day simple moving average is $15.22 and its 200 day simple moving average is $8.61.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its earnings results on Tuesday, October 28th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.02.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on HYMC. Wall Street Zen upgraded Hycroft Mining from a "sell" rating to a "hold" rating in a research report on Saturday, November 1st. Weiss Ratings reissued 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, According to MarketBeat.com, the company presently has an average rating of "Sell".
View Our Latest Stock Analysis on HYMC
Hedge Funds Weigh In On Hycroft Mining
Institutional investors have recently modified their holdings of the business. LM Asset IM Inc. bought a new stake in Hycroft Mining during the 2nd quarter worth approximately $1,189,000. Clear Harbor Asset Management LLC acquired a new position in shares of Hycroft Mining in the second quarter valued at approximately $141,000. Timelo Investment Management Inc. bought a new stake in shares of Hycroft Mining during the second quarter worth $470,000. BNP Paribas Financial Markets raised its holdings in shares of 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 acquiring an additional 31,838 shares during the period. Finally, UBS Group AG raised its holdings 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 worth $5,859,000 after acquiring an additional 828,625 shares during the period. Institutional investors own 7.38% of the company's stock.
About Hycroft Mining
(
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.
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