Key Points
- Hycroft Mining CFO Stanton Rideout sold 16,500 shares on June 4 at an average price of $30.18, totaling about $497,970. After the sale, he still held 481,947 shares, reducing his ownership by 3.31%.
- The stock was trading at $26.33 when the article was published, with a 12-month range of $2.93 to $58.73 and a market cap of $2.41 billion. Hycroft also has a high beta of 2.62, indicating elevated volatility.
- Hycroft recently reported a loss of $0.54 per share for the quarter, missing analyst expectations of a $0.09 loss. Wall Street Zen also lowered its view to a sell rating, and the overall consensus remains Sell.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) SVP David Brian Thomas sold 9,000 shares of Hycroft Mining stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.15, for a total value of $271,350.00. Following the sale, the senior vice president directly owned 193,374 shares of the company's stock, valued at $5,830,226.10. This represents a 4.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Hycroft Mining Stock Performance
HYMC opened at $26.33 on Tuesday. Hycroft Mining Holding Corporation has a fifty-two week low of $2.93 and a fifty-two week high of $58.73. The company has a market capitalization of $2.41 billion, a P/E ratio of -22.13 and a beta of 2.62. The stock has a fifty day moving average of $36.33 and a 200-day moving average of $32.68.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last posted its earnings results on Monday, April 27th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.45).
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Hycroft Mining from a "strong sell" rating to a "sell" rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".
Get Our Latest Research Report on Hycroft Mining
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lincoln Capital Corp acquired a new position in Hycroft Mining in the fourth quarter valued at about $952,000. Centiva Capital LP acquired a new position in Hycroft Mining in the third quarter valued at about $284,000. Sprott Inc. raised its stake in Hycroft Mining by 11.7% in the third quarter. Sprott Inc. now owns 816,253 shares of the company's stock valued at $5,061,000 after purchasing an additional 85,490 shares in the last quarter. Quantbot Technologies LP acquired a new position in Hycroft Mining during the third quarter worth about $281,000. Finally, UBS Group AG raised its stake in Hycroft Mining by 5.4% during the fourth quarter. UBS Group AG now owns 996,148 shares of the company's stock worth $23,678,000 after acquiring an additional 51,126 shares in the last quarter. 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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