Quantbot Technologies LP Takes Position in Hycroft Mining Holding Corporation $HYMC

Quantbot Technologies LP bought a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,307 shares of the company’s stock, valued at approximately $281,000. Quantbot Technologies LP owned approximately 0.06% of Hycroft Mining at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings 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 buying an additional 3,146 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Hycroft Mining during the 2nd quarter worth approximately $101,000. Jane Street Group LLC bought a new stake in shares of Hycroft Mining in the 1st quarter valued at $124,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hycroft Mining by 11.5% during 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. Finally, Shay Capital LLC lifted its position in shares of Hycroft Mining by 100.2% during the 2nd quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock valued at $772,000 after acquiring an additional 123,453 shares during the period. Institutional investors and hedge funds own 7.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, Hycroft Mining presently has a consensus rating of “Sell”.

Hycroft Mining Stock Up 10.5%

Shares of HYMC opened at $44.85 on Wednesday. The business’s fifty day moving average is $38.97 and its 200 day moving average is $19.86. Hycroft Mining Holding Corporation has a 12-month low of $2.30 and a 12-month high of $58.73. The stock has a market cap of $4.08 billion, a P/E ratio of -27.69 and a beta of 2.58.

Insider Transactions at Hycroft Mining

In related news, major shareholder Eric Sprott acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of $47.58 per share, with a total value of $4,758,000.00. Following the acquisition, the insider owned 37,003,704 shares of the company’s stock, valued at approximately $1,760,636,236.32. This trade represents a 0.27% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Brian Thomas sold 15,000 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $21.21, for a total value of $318,150.00. Following the completion of the sale, the senior vice president directly 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. The SEC filing for this sale provides additional information. Insiders purchased a total of 2,305,000 shares of company stock worth $62,008,450 in the last 90 days. 1.31% of the stock is currently owned by company insiders.

Hycroft Mining 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.