Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott purchased 100,000 shares of the stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $37.84 per share, for a total transaction of $3,784,000.00. Following the acquisition, the insider directly owned 37,403,704 shares of the company's stock, valued at $1,415,356,159.36. This represents a 0.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Eric Sprott also recently made the following trade(s):
- On Thursday, April 9th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $38.67 per share, with a total value of $7,734,000.00.
- On Wednesday, March 4th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $47.58 per share, with a total value of $4,758,000.00.
- On Friday, February 20th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $42.05 per share, for a total transaction of $6,307,500.00.
- 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.
Hycroft Mining Price Performance
NASDAQ HYMC opened at $38.12 on Tuesday. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -23.53 and a beta of 2.91. The company has a 50 day simple moving average of $39.56 and a 200-day simple moving average of $27.38. Hycroft Mining Holding Corporation has a 52-week low of $2.71 and a 52-week high of $58.73.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".
Get Our Latest Stock Analysis on Hycroft Mining
Institutional Investors Weigh In On Hycroft Mining
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Hycroft Mining by 150.2% in the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company's stock valued at $67,402,000 after buying an additional 1,702,288 shares in the last quarter. Franklin Resources Inc. bought a new position in Hycroft Mining during the fourth quarter valued at approximately $39,815,000. Schroder Investment Management Group bought a new position in Hycroft Mining during the fourth quarter valued at approximately $36,366,000. Tidal Investments LLC lifted its stake in 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 during the last quarter. Finally, UBS Group AG lifted its stake in Hycroft Mining by 711.9% in the third quarter. UBS Group AG now owns 945,022 shares of the company's stock valued at $5,859,000 after acquiring an additional 828,625 shares during the last quarter. 7.38% of the stock is owned by hedge funds and other institutional investors.
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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