Eric Sprott Acquires 300,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott purchased 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average price of $11.74 per share, with a total value of $3,522,000.00. Following the completion of the acquisition, the insider owned 29,766,352 shares of the company’s stock, valued at $349,456,972.48. This trade represents a 1.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, December 11th, Eric Sprott bought 120,000 shares of Hycroft Mining stock. The stock was bought at an average price of $12.36 per share, with a total value of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott purchased 60,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $11.64 per share, for a total transaction of $698,400.00.
• On Wednesday, December 3rd, Eric Sprott acquired 2,340,824 shares of Hycroft Mining stock. The shares were purchased at an average cost of $10.30 per share, with a total value of $24,110,487.20.
• On Thursday, November 13th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $9.41 per share, with a total value of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $8.07 per share, for a total transaction of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $6.50 per share, for a total transaction of $49,985,000.00.

Hycroft Mining Stock Up 6.0%

NASDAQ HYMC traded up $0.70 during trading on Thursday, hitting $12.36. 2,161,194 shares of the company traded hands, compared to its average volume of 736,677. The company has a market capitalization of $1.00 billion, a P/E ratio of -7.63 and a beta of 2.71. The business has a fifty day simple moving average of $8.85 and a 200 day simple moving average of $5.80. Hycroft Mining Holding Corporation has a 12 month low of $1.99 and a 12 month high of $13.00. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02.

Wall Street Analyst Weigh In

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

Institutional Trading of Hycroft Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC increased its holdings in shares of Hycroft Mining by 125.3% during the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after purchasing an additional 871,030 shares during the period. Vanguard Group Inc. grew its position in Hycroft Mining by 18.8% during the third quarter. Vanguard Group Inc. now owns 1,133,290 shares of the company’s stock worth $7,026,000 after buying an additional 179,050 shares in the last quarter. UBS Group AG grew its position in Hycroft Mining by 711.9% during the third quarter. UBS Group AG now owns 945,022 shares of the company’s stock worth $5,859,000 after buying an additional 828,625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hycroft Mining by 43.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 882,624 shares of the company’s stock valued at $5,472,000 after acquiring an additional 268,633 shares during the period. Finally, Sprott Inc. raised its holdings in Hycroft Mining by 11.7% in the 3rd quarter. Sprott Inc. now owns 816,253 shares of the company’s stock valued at $5,061,000 after acquiring an additional 85,490 shares in the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Hycroft Mining Company Profile

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.