Hycroft Mining Holding Corporation $HYMC Stock Position Lifted by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC raised its stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 79.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 55,405 shares of the company’s stock after buying an additional 24,520 shares during the period. Hycroft Mining comprises approximately 0.7% of Tcfg Wealth Management LLC’s holdings, making the stock its 28th largest position. Tcfg Wealth Management LLC’s holdings in Hycroft Mining were worth $1,950,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HYMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hycroft Mining by 11.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock worth $1,490,000 after acquiring an additional 47,385 shares during the period. Jane Street Group LLC acquired a new stake in Hycroft Mining in the 1st quarter valued at about $124,000. Geode Capital Management LLC lifted its holdings in Hycroft Mining by 1.4% in the 2nd 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. XTX Topco Ltd bought a new position in shares of Hycroft Mining during the 2nd quarter valued at about $101,000. Finally, Shay Capital LLC boosted 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 purchasing an additional 123,453 shares in the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Insider Transactions at Hycroft Mining

In related news, major shareholder Eric Sprott bought 200,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was purchased at an average cost of $38.67 per share, for a total transaction of $7,734,000.00. Following the purchase, the insider directly owned 37,303,704 shares in the company, valued at $1,442,534,233.68. This trade represents a 0.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rebecca Jennings sold 15,329 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $26.25, for a total transaction of $402,386.25. Following the completion of the sale, the senior vice president owned 202,498 shares of the company’s stock, valued at approximately $5,315,572.50. The trade was a 7.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 99,873 shares of company stock worth $2,884,778. Corporate insiders own 0.77% of the company’s stock.

Hycroft Mining Trading Up 0.1%

NASDAQ HYMC opened at $23.40 on Wednesday. Hycroft Mining Holding Corporation has a 1-year low of $2.93 and a 1-year high of $58.73. The firm’s fifty day simple moving average is $32.22 and its 200-day simple moving average is $34.21. The company has a market capitalization of $2.14 billion, a PE ratio of -19.66 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly earnings data on Monday, April 27th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.45).

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday, June 16th. Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.