Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $25.74, but opened at $24.91. Hycroft Mining shares last traded at $25.6080, with a volume of 357,636 shares.
Wall Street Analyst Weigh In
HYMC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday, June 16th. Zacks Research raised Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Finally, B. Riley Financial began coverage on Hycroft Mining in a research note on Monday, August 3rd. They set a “buy” rating and a $25.00 target price for the company. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.00.
Check Out Our Latest Report on Hycroft Mining
Hycroft Mining Stock Performance
Hycroft Mining (NASDAQ:HYMC – Get Free Report) last posted 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). On average, equities research analysts anticipate that Hycroft Mining Holding Corporation will post -0.9 EPS for the current year.
Insider Transactions at Hycroft Mining
In other Hycroft Mining news, CFO Stanton K. Rideout sold 16,500 shares of the company’s stock in a transaction dated 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 represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Brian Thomas sold 25,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $26.32, for a total value of $658,000.00. Following the completion of the transaction, the senior vice president owned 168,374 shares of the company’s stock, valued at $4,431,603.68. This represents a 12.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 99,873 shares of company stock worth $2,884,778. 0.77% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Hycroft Mining by 166.6% during the 3rd 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. Contravisory Investment Management Inc. acquired a new position in shares of Hycroft Mining during the first quarter worth $34,000. Hollencrest Capital Management acquired a new position in shares of Hycroft Mining during the first quarter worth $35,000. FNY Investment Advisers LLC lifted its holdings in shares of Hycroft Mining by 50.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the company’s stock worth $35,000 after purchasing an additional 500 shares during the period. Finally, Legacy Wealth Managment LLC ID bought a new stake in shares of Hycroft Mining in the first quarter worth $44,000. Institutional investors 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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