Key Points
- SVP Rebecca Jennings sold 9,071 shares on March 17 at an average price of $39.33 for $356,762.43, reducing her position by 4.03% to 215,794 shares valued at about $8.49 million, according to an SEC filing.
- Hycroft (HYMC) is trading near $40.28 (50-day MA $40.40, 200-day MA $21.12) with a 12-month range of $2.30–$58.73 and a market cap around $3.67 billion, and carries a consensus Sell rating (Weiss D-).
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) SVP Rebecca Jennings sold 9,071 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $39.33, for a total transaction of $356,762.43. Following the completion of the transaction, the senior vice president directly owned 215,794 shares of the company's stock, valued at approximately $8,487,178.02. The trade was a 4.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Hycroft Mining Trading Up 2.4%
Shares of HYMC stock opened at $40.28 on Wednesday. The business's 50-day moving average price is $40.40 and its 200-day moving average price is $21.12. Hycroft Mining Holding Corporation has a 12 month low of $2.30 and a 12 month high of $58.73. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of -24.86 and a beta of 2.58.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".
Get Our Latest Stock Analysis on Hycroft Mining
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC boosted its stake in shares of Hycroft Mining by 1,666.7% in the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company's stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Hycroft Mining during the fourth quarter worth $52,000. Wells Fargo & Company MN bought a new position in Hycroft Mining during the fourth quarter worth $71,000. Kestra Advisory Services LLC acquired a new position in Hycroft Mining in the fourth quarter valued at $81,000. Finally, Bank of America Corp DE lifted its holdings 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 buying an additional 2,537 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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