Key Points
- Eric Sprott purchased 100,000 Hycroft shares on March 4 at an average price of $47.58, bringing his stake to 37,003,704 shares valued at about $1.76 billion (a 0.27% increase).
- Since December 19, Sprott has accumulated roughly 1.725 million additional Hycroft shares through multiple purchases, signaling aggressive insider accumulation from December through early March.
- Despite the insider buying and HYMC trading up to $42.00 (market cap ≈ $3.49B), the consensus analyst rating is a "Sell", with Weiss Ratings reaffirming a "sell (d-)" view.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott purchased 100,000 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were purchased at an average cost of $47.58 per share, with a total value of $4,758,000.00. Following the completion of the transaction, the insider owned 37,003,704 shares of the company's stock, valued at approximately $1,760,636,236.32. The trade was a 0.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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, February 20th, Eric Sprott acquired 150,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $42.05 per share, with a total value of $6,307,500.00.
- On Thursday, January 29th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $45.99 per share, with a total value of $9,198,000.00.
- On Monday, January 26th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $49.96 per share, with a total value of $4,996,000.00.
- On Wednesday, January 14th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The stock was purchased at an average cost 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 shares were acquired at an average price of $27.05 per share, with a total value of $676,250.00.
- On Thursday, January 8th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $26.08 per share, with a total value of $2,608,000.00.
- On Monday, December 29th, Eric Sprott bought 400,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $22.70 per share, for a total transaction 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, for a total transaction of $4,986,000.00.
- On Wednesday, December 24th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was 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 purchased 150,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $16.31 per share, with a total value of $2,446,500.00.
Hycroft Mining Trading Up 2.3%
Shares of HYMC stock traded up $0.94 during trading hours on Friday, reaching $42.00. 914,859 shares of the company's stock were exchanged, compared to its average volume of 5,114,813. Hycroft Mining Holding Corporation has a 1 year low of $2.30 and a 1 year high of $58.73. The stock has a market cap of $3.49 billion, a PE ratio of -25.93 and a beta of 2.58. The stock's fifty day moving average price is $37.92 and its two-hundred day moving average price is $18.86.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Hycroft Mining presently has an average rating of "Sell".
Get Our Latest Stock Report on HYMC
Institutional Investors Weigh In On Hycroft Mining
Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC boosted its position in Hycroft Mining by 1.1% in the fourth quarter. Global Retirement Partners LLC now owns 42,075 shares of the company's stock valued at $1,000,000 after buying an additional 475 shares during the last quarter. FNY Investment Advisers LLC lifted its stake 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 valued at $25,000 after acquiring an additional 1,000 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in Hycroft Mining during the 4th quarter valued at approximately $52,000. Bank of America Corp DE boosted its holdings in shares of Hycroft Mining by 166.6% in the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company's stock valued at $25,000 after acquiring an additional 2,537 shares during the last quarter. Finally, Virtu Financial LLC increased its stake in shares of Hycroft Mining by 20.3% in the third quarter. Virtu Financial LLC now owns 16,023 shares of the company's stock worth $99,000 after acquiring an additional 2,700 shares during the period. Institutional investors and hedge funds 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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