Hycroft Mining (NASDAQ:HYMC) Major Shareholder Buys $4,996,000.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott acquired 100,000 shares of the firm's stock in a transaction on Monday, January 26th. The stock was purchased at an average price of $49.96 per share, with a total value of $4,996,000.00. Following the transaction, the insider owned 36,553,704 shares of the company's stock, valued at approximately $1,826,223,051.84. This trade represents a 0.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

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Eric Sprott also recently made the following trade(s):

• On Wednesday, January 14th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $33.21 per share, for a total transaction of $6,642,000.00.
• On Friday, January 9th, Eric Sprott purchased 25,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $27.05 per share, with a total value of $676,250.00.
• On Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $26.08 per share, for a total transaction of $2,608,000.00.
• On Monday, December 29th, Eric Sprott acquired 400,000 shares of Hycroft Mining stock. The stock was acquired at an average price 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 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 purchased 100,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $24.79 per share, for a total transaction of $2,479,000.00.
• On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $16.31 per share, with a total value of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott acquired 220,000 shares of Hycroft Mining stock. The shares were bought at an average price of $14.60 per share, with a total value of $3,212,000.00.
• On Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was bought at an average price of $13.02 per share, for a total transaction of $2,604,000.00.
• On Friday, December 12th, Eric Sprott bought 40,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $13.30 per share, with a total value of $532,000.00.

Hycroft Mining Price Performance

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Hycroft Mining stock opened at $54.85 on Wednesday. The company has a fifty day simple moving average of $22.95 and a 200-day simple moving average of $11.85. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -33.86 and a beta of 2.64. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. Hycroft Mining Holding Corporation has a 52-week low of $2.05 and a 52-week high of $58.73.

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

Hedge Funds Weigh In On Hycroft Mining

Hedge funds have recently modified their holdings of the business. LM Asset IM Inc. purchased a new position in Hycroft Mining during the second quarter worth about $1,189,000. Timelo Investment Management Inc. acquired a new position in shares of Hycroft Mining in the 2nd quarter worth approximately $470,000. FNY Investment Advisers LLC boosted its position in shares of Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company's stock worth $25,000 after purchasing an additional 1,000 shares during the period. SG Americas Securities LLC acquired a new stake in Hycroft Mining in the 4th quarter valued at approximately $320,000. Finally, Bank of America Corp DE raised its position in Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company's stock valued at $25,000 after purchasing an additional 2,537 shares during the period. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HYMC. Weiss Ratings restated a "sell (d-)" rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. Wall Street Zen upgraded Hycroft Mining from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Check Out Our Latest Analysis 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.

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