Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) SVP Rebecca Jennings sold 9,605 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $21.46, for a total transaction of $206,123.30. Following the transaction, the senior vice president directly owned 196,924 shares in the company, valued at approximately $4,225,989.04. This represents a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Hycroft Mining Stock Down 11.3%
Shares of HYMC opened at $18.87 on Wednesday. Hycroft Mining Holding Corporation has a fifty-two week low of $7.69 and a fifty-two week high of $58.73. The company’s fifty day moving average is $19.15 and its two-hundred day moving average is $29.31. The firm has a market cap of $1.76 billion, a PE ratio of -19.06 and a beta of 2.89.
Hycroft Mining (NASDAQ:HYMC – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11). As a group, equities research analysts anticipate that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on HYMC shares. B. Riley Financial assumed coverage on Hycroft Mining in a report on Monday, August 3rd. They issued a “buy” rating and a $25.00 price objective on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a report on Friday, September 11th. One research 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’s stock. Based on data from MarketBeat.com, Hycroft Mining currently has a consensus rating of “Hold” and a consensus price target of $25.00.
View Our Latest Analysis on HYMC
Institutional Investors Weigh In On Hycroft Mining
Several large investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its holdings in shares of Hycroft Mining by 71.4% during the 3rd quarter. Private Advisor Group LLC now owns 20,386 shares of the company’s stock valued at $388,000 after acquiring an additional 8,491 shares in the last quarter. Global Retirement Partners LLC boosted its position in Hycroft Mining by 2.8% during the 3rd quarter. Global Retirement Partners LLC now owns 41,960 shares of the company’s stock worth $799,000 after purchasing an additional 1,154 shares during the period. Cibc World Market Inc. increased its holdings in Hycroft Mining by 54.9% in the 3rd quarter. Cibc World Market Inc. now owns 30,475 shares of the company’s stock valued at $580,000 after purchasing an additional 10,800 shares in the last quarter. 180 Wealth Advisors LLC raised its position in Hycroft Mining by 78.8% in the third quarter. 180 Wealth Advisors LLC now owns 169,418 shares of the company’s stock valued at $3,226,000 after purchasing an additional 74,658 shares during the period. Finally, StoneX Group Inc. purchased a new position in Hycroft Mining in the third quarter valued at about $216,000. Institutional investors and hedge funds own 7.38% of the company’s stock.
Hycroft Mining Company Profile
Hycroft Mining Holding Corporation is a U.S.-based precious metals company focused on exploring and developing the Hycroft Mine, a large open-pit gold and silver project near Winnemucca in northern Nevada. The company’s activities include mineral exploration, mine planning and technical studies aimed at evaluating the property’s deposits. The Hycroft property contains both oxide and sulfide mineralization. Hycroft has focused on assessing the sulfide resources and potential processing approaches, while continuing exploration across the mine site.
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