Key Points
- Eric Sprott bought 200,000 Hycroft Mining shares on Jan. 14 at an average price of $33.21, a $6.642M purchase that increased his holdings to 36,453,704 shares valued at about $1.21B.
- The Jan. 14 trade is part of a concentrated buying spree since Dec. 11 in which Sprott acquired roughly 1,755,000 shares across multiple transactions, materially boosting his ownership stake in HYMC.
- Hycroft shares opened at $34.59 (near a 12‑month high of $35.90) and the company has a market cap of $2.87B, while analysts maintain a consensus rating of "Sell".
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott acquired 200,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was purchased at an average cost of $33.21 per share, with a total value of $6,642,000.00. Following the completion of the acquisition, the insider owned 36,453,704 shares of the company's stock, valued at $1,210,627,509.84. The trade was a 0.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Friday, January 9th, Eric Sprott bought 25,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $27.05 per share, for a total transaction of $676,250.00.
- On Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $26.08 per share, with a total value of $2,608,000.00.
- On Monday, December 29th, Eric Sprott purchased 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 acquired at an average cost of $24.93 per share, with a total value of $4,986,000.00.
- On Wednesday, December 24th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $24.79 per share, with a total value of $2,479,000.00.
- On Friday, December 19th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The shares were acquired at an average cost 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 acquired 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 acquired 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 stock was bought at an average price of $13.30 per share, with a total value of $532,000.00.
- On Thursday, December 11th, Eric Sprott purchased 120,000 shares of Hycroft Mining stock. The shares were bought at an average price of $12.36 per share, for a total transaction of $1,483,200.00.
Hycroft Mining Trading Up 1.0%
Shares of NASDAQ HYMC opened at $34.59 on Friday. Hycroft Mining Holding Corporation has a 12-month low of $2.03 and a 12-month high of $35.90. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -21.35 and a beta of 2.64. 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 stock's 50 day simple moving average is $17.32 and its 200 day simple moving average is $9.46.
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, topping the consensus estimate of ($0.24) by $0.02.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen raised Hycroft Mining from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hycroft Mining has a consensus rating of "Sell".
Check Out Our Latest Report on Hycroft Mining
Hedge Funds Weigh In On Hycroft Mining
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Hycroft Mining by 166.6% during the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company's stock worth $25,000 after buying an additional 2,537 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hycroft Mining during the fourth quarter valued at approximately $320,000. Occudo Quantitative Strategies LP acquired a new position in shares of Hycroft Mining during the third quarter valued at approximately $96,000. Virtu Financial LLC raised its holdings in Hycroft Mining by 20.3% during the third quarter. Virtu Financial LLC now owns 16,023 shares of the company's stock worth $99,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Hycroft Mining in the fourth quarter worth approximately $572,000. Institutional investors own 7.38% of the company's stock.
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.
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