Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $23.80, but opened at $26.43. Hycroft Mining shares last traded at $25.9590, with a volume of 592,267 shares changing hands.
Analyst Ratings Changes
Several research firms recently commented on HYMC. Wall Street Zen upgraded shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. Zacks Research upgraded shares of Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. B. Riley Financial started coverage on shares of Hycroft Mining in a report on Monday. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hycroft Mining has an average rating of “Hold” and an average target price of $25.00.
View Our Latest Research Report on Hycroft Mining
Hycroft Mining Stock Up 7.9%
Hycroft Mining (NASDAQ:HYMC – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Equities analysts expect that Hycroft Mining Holding Corporation will post -0.9 EPS for the current fiscal year.
Insider Activity at Hycroft Mining
In related news, SVP David Brian Thomas sold 25,000 shares of the company’s 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 transaction, the senior vice president directly owned 168,374 shares of the company’s stock, valued at $4,431,603.68. This represents a 12.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stanton K. Rideout sold 16,500 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.18, for a total value of $497,970.00. Following the completion of the transaction, the chief financial officer owned 481,947 shares of the company’s stock, valued at $14,545,160.46. This trade represents a 3.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 99,873 shares of company stock worth $2,884,778 in the last quarter. 0.77% of the stock is currently owned by company insiders.
Institutional Trading of Hycroft Mining
A number of hedge funds and other institutional investors have recently made changes to their positions in HYMC. Global Retirement Partners LLC grew its holdings in shares of Hycroft Mining by 1.1% during the fourth quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock worth $1,000,000 after buying an additional 475 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in Hycroft Mining by 50.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the company’s stock valued at $35,000 after acquiring an additional 500 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Hycroft Mining during the 1st quarter worth $34,000. Hollencrest Capital Management acquired a new stake in shares of Hycroft Mining during the first quarter valued at about $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.
About Hycroft Mining
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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