Key Points
- Eric Sprott bought 150,000 Hycroft shares on Feb 20 at an average $42.05, raising his direct stake to 36,903,704 shares (a 0.41% increase) valued at about $1.55 billion as part of a continued multi‑month buying spree.
- Hycroft stock opened at $42.05 with a 52‑week range of $2.22–$58.73 and a market cap of $3.49 billion; the company has a negative P/E and a current consensus analyst rating of Sell.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott acquired 150,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $42.05 per share, with a total value of $6,307,500.00. Following the completion of the transaction, the insider directly owned 36,903,704 shares of the company's stock, valued at $1,551,800,753.20. This trade represents a 0.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large 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 Thursday, January 29th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $45.99 per share, for a total transaction of $9,198,000.00.
- On Monday, January 26th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was acquired at an average cost 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, with a total value of $6,642,000.00.
- On Friday, January 9th, Eric Sprott acquired 25,000 shares of Hycroft Mining stock. The stock was bought at an average price of $27.05 per share, for a total transaction of $676,250.00.
- On Thursday, January 8th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $26.08 per share, for a total transaction of $2,608,000.00.
- On Monday, December 29th, Eric Sprott bought 400,000 shares of Hycroft Mining stock. The shares were 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 purchased 200,000 shares of Hycroft Mining stock. The stock was 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 price of $24.79 per share, for a total transaction of $2,479,000.00.
- On Friday, December 19th, Eric Sprott acquired 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 bought 220,000 shares of Hycroft Mining stock. The stock was bought at an average price of $14.60 per share, with a total value of $3,212,000.00.
Hycroft Mining Stock Up 2.4%
NASDAQ:HYMC opened at $42.05 on Tuesday. Hycroft Mining Holding Corporation has a 52 week low of $2.22 and a 52 week high of $58.73. The stock's fifty day moving average is $33.36 and its two-hundred day moving average is $16.54. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -25.96 and a beta of 2.61. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its holdings in 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 acquiring an additional 1,000 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company's stock worth $25,000 after purchasing an additional 2,537 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Hycroft Mining during the fourth quarter worth $52,000. Wells Fargo & Company MN purchased a new position in Hycroft Mining in the fourth quarter valued at $71,000. Finally, Kestra Advisory Services LLC acquired a new stake in Hycroft Mining in the fourth quarter valued at $81,000. Hedge funds and other institutional investors own 7.38% of the company's stock.
Analyst Upgrades and Downgrades
HYMC has been the subject of several research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Hycroft Mining from a "sell" rating to a "hold" rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".
Read Our Latest Analysis on HYMC
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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