Hycroft Mining (NASDAQ:HYMC) Major Shareholder Acquires $6,307,500.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott purchased 150,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average cost of $42.05 per share, with a total value of $6,307,500.00. Following the completion of the acquisition, the insider directly owned 36,903,704 shares in the company, valued at approximately $1,551,800,753.20. This represents a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, January 29th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $45.99 per share, with a total value of $9,198,000.00.
• On Monday, January 26th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The stock was bought at an average price of $49.96 per share, with a total value of $4,996,000.00.
• On Wednesday, January 14th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $33.21 per share, for a total transaction of $6,642,000.00.
• On Friday, January 9th, Eric Sprott bought 25,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $27.05 per share, with a total value of $676,250.00.
• On Thursday, January 8th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $26.08 per share, with a total value of $2,608,000.00.
• On Monday, December 29th, Eric Sprott purchased 400,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $22.70 per share, for a total transaction of $9,080,000.00.
• On Friday, December 26th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $24.93 per share, with a total value of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $24.79 per share, for a total transaction of $2,479,000.00.
• On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $16.31 per share, with a total value of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott purchased 220,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $14.60 per share, with a total value of $3,212,000.00.

Hycroft Mining Trading Up 2.4%

HYMC stock traded up $0.98 during midday trading on Monday, reaching $42.05. The company’s stock had a trading volume of 3,358,361 shares, compared to its average volume of 5,270,337. The business’s 50-day simple moving average is $32.78 and its 200-day simple moving average is $16.27. 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 Holding Corporation has a 52 week low of $2.22 and a 52 week high of $58.73. The stock has a market cap of $3.49 billion, a PE ratio of -25.96 and a beta of 2.61.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Hycroft Mining by 150.2% in the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock worth $67,402,000 after acquiring an additional 1,702,288 shares in the last quarter. Franklin Resources Inc. bought a new position in Hycroft Mining in the 4th quarter worth $39,815,000. Schroder Investment Management Group purchased a new stake in Hycroft Mining in the 4th quarter worth $36,366,000. Tidal Investments LLC raised its holdings in Hycroft Mining by 125.3% during the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock valued at $9,711,000 after acquiring an additional 871,030 shares during the period. Finally, UBS Group AG raised its holdings in Hycroft Mining by 711.9% during the third quarter. UBS Group AG now owns 945,022 shares of the company’s stock valued at $5,859,000 after acquiring an additional 828,625 shares during the period. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HYMC. Wall Street Zen raised shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hycroft Mining Company Profile

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.