Key Points
- Director Blake Rhodes bought 3,000 Hycroft Mining shares at an average price of $16.69, investing $50,070 and increasing his ownership by 73.75% to 7,068 shares.
- HYMC opened at $17.44 after rising 3.2%, but the company reported a quarterly loss of $0.28 per share, missing analyst expectations by $0.11.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and a $25 average price target; institutional investors own 7.38% of the company.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) Director Blake Rhodes purchased 3,000 shares of the firm's stock in a transaction dated Wednesday, October 28th. The stock was acquired at an average cost of $16.69 per share, for a total transaction of $50,070.00. Following the purchase, the director owned 7,068 shares in the company, valued at approximately $117,964.92. The trade was a 73.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Hycroft Mining Trading Up 3.2%
NASDAQ HYMC opened at $17.44 on Thursday. The stock has a market cap of $1.63 billion, a PE ratio of -17.62 and a beta of 2.78. Hycroft Mining Holding Corporation has a twelve month low of $7.07 and a twelve month high of $58.73. The stock has a fifty day simple moving average of $20.59 and a 200-day simple moving average of $30.15.
Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.11). Research analysts predict that Hycroft Mining Holding Corporation will post -0.90 EPS for the current year.
Institutional Trading of Hycroft Mining
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC acquired a new position in Hycroft Mining during the third quarter worth $257,000. Sterling Capital Management LLC boosted its position in shares of Hycroft Mining by 838.0% during the third quarter. Sterling Capital Management LLC now owns 1,801 shares of the company's stock worth $34,000 after buying an additional 1,609 shares during the period. GK Wealth Management LLC purchased a new position in shares of Hycroft Mining during the third quarter worth $36,000. GAMMA Investing LLC grew its stake in shares of Hycroft Mining by 182.2% in the third quarter. GAMMA Investing LLC now owns 1,987 shares of the company's stock valued at $38,000 after buying an additional 1,283 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Hycroft Mining by 110.6% in the third quarter. Farther Finance Advisors LLC now owns 1,950 shares of the company's stock valued at $37,000 after buying an additional 1,024 shares in the last quarter. Hedge funds and other institutional investors own 7.38% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on HYMC shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a research note on Friday, September 11th. Zacks Research upgraded shares of Hycroft Mining to a "hold" rating in a research report on Monday, July 13th. Finally, B. Riley Financial assumed coverage on shares of Hycroft Mining in a research note on Monday, August 3rd. They issued a "buy" rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Hycroft Mining presently has a consensus rating of "Hold" and an average price target of $25.00.
Read Our Latest Report on Hycroft Mining
Hycroft Mining Company Profile
(
Get Free Report)
Hycroft Mining Holding Corporation is a precious metals exploration and development company focused on the Hycroft Mine, an open-pit gold and silver property in Humboldt County, Nevada, near Winnemucca. The company owns and operates the Hycroft project, which includes extensive mineral rights and processing infrastructure.
The Hycroft Mine has a history of commercial gold and silver production using conventional open-pit mining and heap-leach processing methods. Hycroft Mining is currently focused primarily on exploration, technical studies and evaluating potential redevelopment and processing strategies for the property rather than operating as a conventional producing mine.
The company was formed through the restructuring of Allied Nevada Gold and has continued advancing the Hycroft project as a large-scale precious metals asset in the United States.
Further Reading
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