Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells 25,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $26.32, for a total value of $658,000.00. Following the completion of the sale, the senior vice president owned 168,374 shares in the company, valued at $4,431,603.68. The trade was a 12.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

David Brian Thomas also recently made the following trade(s):

• On Thursday, June 4th, David Brian Thomas sold 9,000 shares of Hycroft Mining stock. The shares were sold at an average price of $30.15, for a total value of $271,350.00.

Hycroft Mining Trading Up 1.6%

NASDAQ:HYMC traded up $0.42 during trading hours on Thursday, reaching $25.99. 3,307,344 shares of the company traded hands, compared to its average volume of 3,601,524. The business’s 50-day moving average price is $35.07 and its two-hundred day moving average price is $33.44. Hycroft Mining Holding Corporation has a 1 year low of $2.93 and a 1 year high of $58.73. The stock has a market capitalization of $2.37 billion, a P/E ratio of -21.84 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last released its earnings results on Monday, April 27th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45).

Institutional Trading of Hycroft Mining

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 1,702,288 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Hycroft Mining during the fourth quarter valued at $39,815,000. Schroder Investment Management Group bought a new position in shares of Hycroft Mining during the fourth quarter valued at $36,366,000. Tidal Investments LLC boosted its position in shares of 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 buying an additional 871,030 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of 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 buying an additional 828,625 shares during the last quarter. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HYMC has been the topic of several recent analyst reports. Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.