Hycroft Mining (NASDAQ:HYMC) Stock Price Up 14.4% – What’s Next?

Hycroft Mining Holding Corporation (NASDAQ:HYMC) shares traded up 14.4% during mid-day trading on Thursday . The company traded as high as $43.93 and last traded at $45.2670. 1,884,078 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 4,589,985 shares. The stock had previously closed at $39.57.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday. Wall Street Zen raised Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hycroft Mining Stock Up 8.5%

The firm’s fifty day simple moving average is $21.28 and its 200-day simple moving average is $11.06. The company has a market cap of $4.21 billion, a PE ratio of -31.26 and a beta of 2.64. The company has a quick ratio of 18.87, a current ratio of 19.04 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, topping analysts’ consensus estimates of ($0.24) by $0.02.

Insider Buying and Selling at Hycroft Mining

In other news, major shareholder Eric Sprott purchased 200,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were bought at an average cost of $33.21 per share, with a total value of $6,642,000.00. Following the purchase, the insider directly owned 36,453,704 shares of the company’s stock, valued at approximately $1,210,627,509.84. This trade represents a 0.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Brian Thomas sold 15,000 shares of Hycroft Mining stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $21.21, for a total transaction of $318,150.00. Following the sale, the senior vice president owned 81,070 shares of the company’s stock, valued at approximately $1,719,494.70. This trade represents a 15.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought 5,455,824 shares of company stock worth $73,819,837 over the last 90 days. Company insiders own 1.31% of the company’s stock.

Institutional Trading of Hycroft Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 last quarter. Jane Street Group LLC acquired a new position in Hycroft Mining in the first quarter valued at $124,000. Timelo Investment Management Inc. purchased a new position in Hycroft Mining during the second quarter worth about $470,000. Geode Capital Management LLC boosted its stake in Hycroft Mining by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock worth $713,000 after buying an additional 3,146 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Hycroft Mining in the 2nd quarter valued at about $101,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

About Hycroft Mining

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.