Hycroft Mining (NASDAQ:HYMC) Trading Up 9.3% – Should You Buy?

Shares of Hycroft Mining Holding Corporation (NASDAQ:HYMCGet Free Report) traded up 9.3% during trading on Friday . The stock traded as high as $23.73 and last traded at $23.9220. 1,013,153 shares were traded during trading, a decline of 71% from the average daily volume of 3,529,221 shares. The stock had previously closed at $21.89.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HYMC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday, June 16th. Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Hycroft Mining currently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on HYMC

Hycroft Mining Trading Up 8.5%

The firm’s fifty day moving average price is $32.98 and its 200 day moving average price is $33.89. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -19.95 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMCGet Free Report) last posted its earnings results on Monday, April 27th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.45).

Insiders Place Their Bets

In other news, SVP David Brian Thomas sold 25,000 shares of Hycroft Mining stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.32, for a total value of $658,000.00. Following the completion of the sale, the senior vice president directly owned 168,374 shares of the company’s stock, valued at approximately $4,431,603.68. The trade was a 12.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Rebecca Jennings sold 1,194 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $28.64, for a total value of $34,196.16. Following the transaction, the senior vice president directly owned 202,498 shares in the company, valued at approximately $5,799,542.72. The trade was a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 99,873 shares of company stock valued at $2,884,778. Insiders own 0.77% of the company’s stock.

Institutional Trading of Hycroft Mining

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Hycroft Mining by 150.2% in the fourth quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after purchasing an additional 1,702,288 shares during the period. Franklin Resources Inc. purchased a new stake in Hycroft Mining in the fourth quarter valued at $39,815,000. Tidal Investments LLC boosted its position in shares of Hycroft Mining by 125.3% in the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock valued at $9,711,000 after purchasing an additional 871,030 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Hycroft Mining in the fourth quarter valued at approximately $36,366,000. Finally, UBS Group AG grew its position in Hycroft Mining by 5.4% during the 4th quarter. UBS Group AG now owns 996,148 shares of the company’s stock worth $23,678,000 after purchasing an additional 51,126 shares during the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

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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