Eric Sprott Acquires 2,340,824 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott purchased 2,340,824 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were purchased at an average cost of $10.30 per share, with a total value of $24,110,487.20. Following the completion of the transaction, the insider owned 29,466,352 shares of the company’s stock, valued at approximately $303,503,425.60. The trade was a 8.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Thursday, November 13th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $9.41 per share, with a total value of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott bought 500,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $8.07 per share, with a total value of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $6.50 per share, with a total value of $49,985,000.00.
• On Wednesday, September 10th, Eric Sprott purchased 9,344,704 shares of Hycroft Mining stock. The shares were acquired at an average cost of $4.28 per share, for a total transaction of $39,995,333.12.

Hycroft Mining Stock Down 4.3%

Shares of HYMC traded down $0.52 during midday trading on Friday, hitting $11.45. 1,285,692 shares of the company’s stock traded hands, compared to its average volume of 1,557,839. Hycroft Mining Holding Corporation has a 1 year low of $1.99 and a 1 year high of $12.50. The firm’s fifty day moving average is $8.54 and its 200-day moving average is $5.60. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $927.11 million, a price-to-earnings ratio of -7.07 and a beta of 2.71.

Hycroft Mining (NASDAQ:HYMC) last announced its earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02.

Institutional Trading of Hycroft Mining

Large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hycroft Mining by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock valued at $1,490,000 after acquiring an additional 47,385 shares during the period. Jane Street Group LLC purchased a new position in Hycroft Mining during the first quarter valued at $124,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Hycroft Mining in the second quarter valued at about $141,000. Timelo Investment Management Inc. purchased a new stake in shares of Hycroft Mining during the second quarter worth about $470,000. Finally, Geode Capital Management LLC raised its position in shares of Hycroft Mining by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock worth $713,000 after purchasing an additional 3,146 shares during the last quarter. 7.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on HYMC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.