SG Americas Securities LLC raised its stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC – Free Report) by 326.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,329 shares of the company’s stock after buying an additional 43,883 shares during the period. SG Americas Securities LLC owned 0.06% of Hycroft Mining worth $2,018,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC increased its stake in Hycroft Mining by 1,666.7% during the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Hycroft Mining during the 4th quarter worth about $52,000. Wells Fargo & Company MN bought a new position in shares of Hycroft Mining in the fourth quarter valued at approximately $71,000. Kestra Advisory Services LLC bought a new stake in shares of Hycroft Mining during the fourth quarter worth $81,000. Finally, Bank of America Corp DE raised its stake in shares of Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after acquiring an additional 2,537 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
HYMC has been the subject of a number of research reports. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Hycroft Mining Price Performance
Shares of HYMC stock opened at $23.07 on Thursday. The stock has a market cap of $2.11 billion, a PE ratio of -19.39 and a beta of 2.72. The stock has a 50-day moving average of $31.80 and a 200-day moving average of $34.29. Hycroft Mining Holding Corporation has a one year low of $2.93 and a one year high of $58.73.
Hycroft Mining (NASDAQ:HYMC – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45).
Insiders Place Their Bets
In other Hycroft Mining news, SVP Rebecca Jennings sold 1,194 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $28.64, for a total transaction of $34,196.16. Following the sale, the senior vice president directly owned 202,498 shares in the company, valued at approximately $5,799,542.72. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Eric Sprott acquired 100,000 shares of the stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $37.84 per share, with a total value of $3,784,000.00. Following the transaction, the insider directly owned 37,403,704 shares of the company’s stock, valued at $1,415,356,159.36. This represents a 0.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 99,873 shares of company stock worth $2,884,778 over the last 90 days. 0.77% of the stock is currently owned by corporate insiders.
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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