Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) shot up 10.5% on Wednesday . The company traded as high as $23.63 and last traded at $23.8950. Approximately 464,785 shares were traded during mid-day trading, a decline of 85% from the average session volume of 3,074,158 shares. The stock had previously closed at $21.63.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Hycroft Mining to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a report on Tuesday, June 16th. Finally, B. Riley Financial initiated coverage on Hycroft Mining in a report on Monday, August 3rd. They set a “buy” rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.00.
View Our Latest Stock Analysis on HYMC
Hycroft Mining Stock Performance
Hycroft Mining (NASDAQ:HYMC – Get Free Report) last released 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). As a group, sell-side analysts expect that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current year.
Insider Buying and Selling at Hycroft Mining
In other Hycroft Mining news, SVP David Thomas sold 25,000 shares of the firm’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 completion of the sale, the senior vice president directly owned 168,374 shares of the company’s stock, valued at $4,431,603.68. This trade represents a 12.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Rebecca Jennings sold 15,329 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $26.25, for a total value of $402,386.25. Following the completion of the sale, the senior vice president owned 202,498 shares in the company, valued at approximately $5,315,572.50. The trade was a 7.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 41,523 shares of company stock valued at $1,094,582. 0.77% of the stock is owned by corporate insiders.
Institutional Trading of Hycroft Mining
Several hedge funds and other institutional investors have recently modified their holdings of HYMC. California State Teachers Retirement System bought a new position in shares of Hycroft Mining in the first quarter worth $1,958,000. 180 Wealth Advisors LLC lifted its holdings in Hycroft Mining by 186.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 94,760 shares of the company’s stock worth $2,217,000 after purchasing an additional 61,699 shares in the last quarter. UBS Group AG lifted its holdings in Hycroft Mining by 5.4% during the 4th quarter. UBS Group AG now owns 996,148 shares of the company’s stock worth $23,678,000 after purchasing an additional 51,126 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Hycroft Mining in the 4th quarter worth about $2,574,000. Finally, Swiss National Bank purchased a new position in Hycroft Mining during the 1st quarter valued at about $3,362,000. 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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