Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $21.70, but opened at $20.45. Hycroft Mining shares last traded at $20.5050, with a volume of 199,358 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on HYMC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a report on Tuesday, June 16th. Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. B. Riley Financial started coverage on Hycroft Mining in a research report on Friday, July 10th. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Zacks Research upgraded Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hycroft Mining has an average rating of “Hold” and an average price target of $28.00.
View Our Latest Research Report on Hycroft Mining
Hycroft Mining Price Performance
Hycroft Mining (NASDAQ:HYMC – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.45). On average, analysts expect that Hycroft Mining Holding Corporation will post -0.9 EPS for the current year.
Insiders Place Their Bets
In related news, SVP Rebecca Jennings sold 15,329 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.25, for a total transaction of $402,386.25. Following the transaction, the senior vice president directly owned 202,498 shares of the company’s stock, valued at $5,315,572.50. This represents a 7.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $658,000.00. Following the sale, the senior vice president owned 168,374 shares of the company’s stock, valued at $4,431,603.68. The trade was a 12.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 99,873 shares of company stock valued at $2,884,778 in the last 90 days. Corporate insiders own 0.77% of the company’s stock.
Institutional Trading of Hycroft Mining
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYMC. FNY Investment Advisers LLC grew its stake in Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after purchasing an additional 2,537 shares during the period. Contravisory Investment Management Inc. acquired a new stake in shares of Hycroft Mining during the first quarter worth about $34,000. Hollencrest Capital Management purchased a new stake in Hycroft Mining in the first quarter valued at approximately $35,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Hycroft Mining in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 7.38% of the company’s stock.
Hycroft Mining Company Profile
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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