Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $22.69, but opened at $21.77. Hycroft Mining shares last traded at $21.2690, with a volume of 198,689 shares traded.
Analyst Ratings Changes
HYMC has been the subject of a number of recent research reports. Zacks Research upgraded Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Friday, September 11th. 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. Finally, B. Riley Financial began coverage on Hycroft Mining in a research note on Monday, August 3rd. They issued a “buy” rating and a $25.00 price target for the company. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.00.
View Our Latest Report on HYMC
Hycroft Mining Price Performance
Hycroft Mining (NASDAQ:HYMC – Get Free Report) last issued its earnings results on Monday, July 27th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Sell-side analysts expect that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current year.
Hedge Funds Weigh In On Hycroft Mining
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in shares of Hycroft Mining by 1.1% during the 4th quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock valued at $1,000,000 after acquiring an additional 475 shares during the last quarter. FNY Investment Advisers LLC lifted its position in Hycroft Mining by 50.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the company’s stock valued at $35,000 after purchasing an additional 500 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in Hycroft Mining during the first quarter valued at $34,000. Hollencrest Capital Management bought a new position in shares of Hycroft Mining in the 1st quarter valued at about $35,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Hycroft Mining in the second quarter worth about $25,000. 7.38% of the stock is owned by institutional investors.
About Hycroft Mining
Hycroft Mining Holding Corporation is a U.S.-based precious metals exploration and development company focused on the Hycroft Mine, a large open-pit gold and silver project in Humboldt County, Nevada, near Winnemucca. The company owns and operates the project through its subsidiary, Hycroft Mining Corporation.
The Hycroft Mine historically produced gold and silver using open-pit mining and heap-leach processing. Following a period of operations under previous ownership, mining activities were suspended, and Hycroft has since focused primarily on exploration, resource evaluation, metallurgical testing, and technical studies intended to assess potential future development and production options.
Hycroft’s activities are concentrated in the United States, particularly at its Nevada property.
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