Key Points
- Eric Sprott purchased 200,000 Hycroft shares on April 9 at $38.67 each for $7,734,000, bringing his stake to 37,303,704 shares (a 0.54% increase) valued at about $1.442 billion.
- This trade is one of several recent sizeable buys by Sprott between January and April (multiple 100k–200k share purchases at prices ranging roughly $33.21–$49.96), signaling ongoing accumulation.
- Hycroft (HYMC) has a market cap of $3.41 billion, a 50-day/200-day moving average of $38.68/$24.49 and a 1‑year range of $2.71–$58.73, while analysts' consensus currently registers a Sell rating.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott bought 200,000 shares of the company's stock in a transaction dated Thursday, April 9th. The stock was bought at an average cost of $38.67 per share, for a total transaction of $7,734,000.00. Following the acquisition, the insider owned 37,303,704 shares of the company's stock, valued at approximately $1,442,534,233.68. This trade represents a 0.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more 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 Wednesday, March 4th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $47.58 per share, for a total transaction of $4,758,000.00.
- On Friday, February 20th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $42.05 per share, for a total transaction of $6,307,500.00.
- On Thursday, January 29th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $45.99 per share, for a total transaction of $9,198,000.00.
- On Monday, January 26th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were 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 acquired 200,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $33.21 per share, for a total transaction of $6,642,000.00.
Hycroft Mining Price Performance
Shares of HYMC stock opened at $37.50 on Friday. The business's fifty day moving average price is $38.68 and its 200 day moving average price is $24.49. Hycroft Mining Holding Corporation has a 1-year low of $2.71 and a 1-year high of $58.73. The firm has a market capitalization of $3.41 billion, a PE ratio of -23.15 and a beta of 2.91.
Institutional Trading of Hycroft Mining
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Hycroft Mining by 150.2% during the fourth quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company's stock worth $67,402,000 after purchasing an additional 1,702,288 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Hycroft Mining during the fourth quarter worth $39,815,000. Tidal Investments LLC lifted its position in shares of Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company's stock valued at $9,711,000 after acquiring an additional 871,030 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Hycroft Mining in the fourth quarter valued at $36,366,000. Finally, UBS Group AG lifted its position in shares of Hycroft Mining by 5.4% in the fourth quarter. UBS Group AG now owns 996,148 shares of the company's stock valued at $23,678,000 after acquiring an additional 51,126 shares in the last quarter. 7.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed 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 company presently has a consensus rating of "Sell".
Read Our Latest Stock Report on Hycroft Mining
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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