Key Points
- Eric Sprott purchased 200,000 shares of Hycroft Mining on January 29 at an average price of $45.99 for $9.198M, bringing his stake to 36,753,704 shares (a 0.55% increase) valued at about $1.69B.
- Sprott has been aggressively adding to his position, buying nearly 1.9 million shares in multiple tranches since December 15, indicating sustained accumulation.
- Hycroft shares have swung from a 1‑year low of $2.22 to a high of $58.73 and opened around $37.35 (market cap ~ $3.1B), yet analyst consensus remains a "Sell" despite notable institutional buying.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott acquired 200,000 shares of the business's stock in a transaction that occurred on Thursday, January 29th. The shares were acquired at an average cost of $45.99 per share, for a total transaction of $9,198,000.00. Following the transaction, the insider owned 36,753,704 shares of the company's stock, valued at approximately $1,690,302,846.96. This represents a 0.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Eric Sprott also recently made the following trade(s):
- On Monday, January 26th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $49.96 per share, for a total transaction of $4,996,000.00.
- On Wednesday, January 14th, Eric Sprott purchased 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 acquired 25,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $27.05 per share, with a total value of $676,250.00.
- On Thursday, January 8th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were bought at an average price of $26.08 per share, for a total transaction of $2,608,000.00.
- On Monday, December 29th, Eric Sprott purchased 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 acquired 200,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $24.93 per share, for a total transaction of $4,986,000.00.
- On Wednesday, December 24th, Eric Sprott acquired 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 bought 150,000 shares of Hycroft Mining stock. The shares were 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 purchased 220,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $14.60 per share, for a total transaction of $3,212,000.00.
- On Monday, December 15th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $13.02 per share, with a total value of $2,604,000.00.
Hycroft Mining Price Performance
NASDAQ HYMC opened at $37.35 on Friday. Hycroft Mining Holding Corporation has a 1 year low of $2.22 and a 1 year high of $58.73. The company has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $12.60. 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 company has a market cap of $3.10 billion, a P/E ratio of -23.06 and a beta of 2.64.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last released its 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.
Wall Street Analysts Forecast Growth
HYMC has been the subject of a number of research analyst reports. Wall Street Zen upgraded Hycroft Mining from a "sell" rating to a "hold" rating in a report on Saturday, November 1st. Weiss Ratings reissued a "sell (d-)" rating on shares of Hycroft Mining in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell".
View Our Latest Stock Report on Hycroft Mining
Institutional Investors Weigh In On Hycroft Mining
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Hycroft Mining by 150.2% during the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company's stock worth $67,402,000 after acquiring an additional 1,702,288 shares during the period. Tidal Investments LLC lifted its stake in Hycroft Mining by 125.3% during the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company's stock worth $9,711,000 after purchasing an additional 871,030 shares during the period. UBS Group AG boosted its holdings in 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 purchasing an additional 828,625 shares in the last quarter. LM Asset IM Inc. bought a new stake in shares of Hycroft Mining in the 2nd quarter valued at approximately $1,189,000. Finally, Millennium Management LLC acquired a new position in shares of Hycroft Mining in the 3rd quarter worth approximately $2,193,000. 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.
Further Reading
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