Key Points
- Hycroft Mining SVP Rebecca Jennings sold 15,329 shares on June 12 at an average price of $26.25, totaling about $402,386. After the sale, she still held 202,498 shares, a 7.04% reduction in her ownership.
- Jennings also recently sold shares on June 4 and June 15, continuing a string of insider sales that included 11,300 shares and 1,194 shares, respectively.
- Hycroft Mining shares were trading down 4.6% at $26.57, and the company continues to carry a Sell rating from analysts after reporting a quarterly EPS loss that missed expectations.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) SVP Rebecca Jennings sold 1,194 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $28.64, for a total transaction of $34,196.16. Following the completion of the sale, the senior vice president owned 202,498 shares of the company's stock, valued at approximately $5,799,542.72. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Rebecca Jennings also recently made the following trade(s):
- On Friday, June 12th, Rebecca Jennings sold 15,329 shares of Hycroft Mining stock. The stock was sold at an average price of $26.25, for a total transaction of $402,386.25.
- On Thursday, June 4th, Rebecca Jennings sold 11,300 shares of Hycroft Mining stock. The stock was sold at an average price of $30.27, for a total transaction of $342,051.00.
Hycroft Mining Price Performance
Shares of HYMC opened at $26.57 on Wednesday. The company has a market capitalization of $2.43 billion, a P/E ratio of -22.33 and a beta of 2.62. Hycroft Mining Holding Corporation has a 1-year low of $2.93 and a 1-year high of $58.73. The firm's 50 day simple moving average is $35.28 and its 200 day simple moving average is $33.34.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.45).
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Hycroft Mining from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of "Sell".
Get Our Latest Analysis on HYMC
Institutional Trading of Hycroft Mining
A number of hedge funds and other institutional investors have recently made changes to their positions in HYMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hycroft Mining by 11.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company's stock worth $1,490,000 after acquiring an additional 47,385 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Hycroft Mining in the first quarter valued at approximately $124,000. Geode Capital Management LLC raised its stake in Hycroft Mining by 1.4% in the second quarter. Geode Capital Management LLC now owns 227,603 shares of the company's stock valued at $713,000 after purchasing an additional 3,146 shares in the last quarter. XTX Topco Ltd acquired a new position in Hycroft Mining in the second quarter valued at about $101,000. Finally, Shay Capital LLC lifted its stake in Hycroft Mining by 100.2% during the second quarter. Shay Capital LLC now owns 246,627 shares of the company's stock worth $772,000 after purchasing an additional 123,453 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.
About Hycroft Mining
(
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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