Marni Wieshofer Sells 3,859 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) Director Marni Wieshofer sold 3,859 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $13.37, for a total value of $51,594.83. Following the transaction, the director owned 70,125 shares of the company’s stock, valued at $937,571.25. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hycroft Mining Stock Up 1.2%

Shares of NASDAQ:HYMC opened at $13.23 on Wednesday. The firm has a market capitalization of $1.07 billion, a PE ratio of -8.17 and a beta of 2.71. Hycroft Mining Holding Corporation has a 1 year low of $1.99 and a 1 year high of $14.34. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. The firm’s 50-day moving average is $9.38 and its two-hundred day moving average is $6.11.

Hycroft Mining (NASDAQ:HYMC) last announced 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

Several analysts have recently issued reports on the company. Wall Street Zen upgraded 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Hycroft Mining has a consensus rating of “Sell”.

Hedge Funds Weigh In On Hycroft Mining

Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of 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 buying an additional 2,537 shares during the last quarter. Virtu Financial LLC raised its stake in Hycroft Mining by 20.3% during the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock worth $99,000 after acquiring an additional 2,700 shares in the last quarter. Geode Capital Management LLC lifted its position in Hycroft Mining by 1.4% in the second quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock valued at $713,000 after acquiring an additional 3,146 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in Hycroft Mining in the third quarter valued at $96,000. Finally, BNP Paribas Financial Markets boosted its stake in Hycroft Mining by 5,537.0% in the third quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company’s stock valued at $201,000 after acquiring an additional 31,838 shares in the last quarter. Hedge funds and other institutional investors own 7.38% of the company’s stock.

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.