Hycroft Mining (NASDAQ:HYMC – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11), FiscalAI reports.
Hycroft Mining Stock Down 0.3%
Hycroft Mining stock opened at $15.39 on Tuesday. Hycroft Mining has a 12-month low of $6.48 and a 12-month high of $58.73. The firm’s fifty day moving average is $20.91 and its 200 day moving average is $30.25. The company has a market capitalization of $1.43 billion, a PE ratio of -15.55 and a beta of 2.78.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on HYMC shares. B. Riley Financial initiated coverage on shares of Hycroft Mining in a report on Monday, August 3rd. They issued a “buy” rating and a $25.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research report on Friday, September 11th. Finally, Zacks Research raised Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. 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, Hycroft Mining presently has a consensus rating of “Hold” and an average target price of $25.00.
Read Our Latest Stock Analysis on HYMC
Hycroft Mining Company Profile
Hycroft Mining Holding Corporation is a precious metals exploration and development company focused on the Hycroft Mine, an open-pit gold and silver property in Humboldt County, Nevada, near Winnemucca. The company owns and operates the Hycroft project, which includes extensive mineral rights and processing infrastructure.
The Hycroft Mine has a history of commercial gold and silver production using conventional open-pit mining and heap-leach processing methods. Hycroft Mining is currently focused primarily on exploration, technical studies and evaluating potential redevelopment and processing strategies for the property rather than operating as a conventional producing mine.
The company was formed through the restructuring of Allied Nevada Gold and has continued advancing the Hycroft project as a large-scale precious metals asset in the United States.
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