Key Points
- SVP Rebecca Jennings sold 9,605 shares at an average of $21.46, worth about $206,123, reducing her stake by 4.65% to 196,924 shares.
- Hycroft reported a quarterly loss of $0.28 per share, missing analyst expectations of a $0.17 loss.
- Analyst views are mixed, leaving the stock with a consensus Hold rating and a $25 price target.
Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) SVP Rebecca Jennings sold 9,605 shares of the business's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $21.46, for a total value of $206,123.30. Following the transaction, the senior vice president directly owned 196,924 shares in the company, valued at $4,225,989.04. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Hycroft Mining Stock Performance
Hycroft Mining stock opened at $18.87 on Wednesday. The firm has a market capitalization of $1.76 billion, a PE ratio of -19.06 and a beta of 2.89. Hycroft Mining Holding Corporation has a one year low of $7.69 and a one year high of $58.73. The stock's 50 day moving average price is $19.15 and its 200 day moving average price is $29.31.
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 the consensus estimate of ($0.17) by ($0.11). On average, analysts forecast that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Private Advisor Group LLC grew its stake in Hycroft Mining by 71.4% during the 3rd quarter. Private Advisor Group LLC now owns 20,386 shares of the company's stock valued at $388,000 after purchasing an additional 8,491 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Hycroft Mining by 2.8% during the 3rd quarter. Global Retirement Partners LLC now owns 41,960 shares of the company's stock worth $799,000 after purchasing an additional 1,154 shares during the last quarter. Cibc World Market Inc. increased its holdings in Hycroft Mining by 54.9% during the 3rd quarter. Cibc World Market Inc. now owns 30,475 shares of the company's stock worth $580,000 after purchasing an additional 10,800 shares during the last quarter. 180 Wealth Advisors LLC raised its position in shares of Hycroft Mining by 78.8% in the 3rd quarter. 180 Wealth Advisors LLC now owns 169,418 shares of the company's stock valued at $3,226,000 after purchasing an additional 74,658 shares in the last quarter. Finally, StoneX Group Inc. acquired a new position in shares of Hycroft Mining in the 3rd quarter valued at approximately $216,000. Institutional investors and hedge funds own 7.38% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on HYMC. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a report on Friday, September 11th. B. Riley Financial assumed coverage on shares of Hycroft Mining in a research note on Monday, August 3rd. They set a "buy" rating and a $25.00 price target on the stock. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $25.00.
Get Our Latest Stock Report on HYMC
Hycroft Mining Company Profile
(
Get Free Report)
Hycroft Mining Holding Corporation is a U.S.-based precious metals company focused on exploring and developing the Hycroft Mine, a large open-pit gold and silver project near Winnemucca in northern Nevada. The company's activities include mineral exploration, mine planning and technical studies aimed at evaluating the property's deposits. The Hycroft property contains both oxide and sulfide mineralization. Hycroft has focused on assessing the sulfide resources and potential processing approaches, while continuing exploration across the mine site.
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