Hycroft Mining (NASDAQ:HYMC) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Hycroft Mining (NASDAQ:HYMC) announced its quarterly earnings data on Monday. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11), FiscalAI reports.

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $15.39 on Tuesday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -15.55 and a beta of 2.78. The business has a 50-day moving average of $20.91 and a two-hundred day moving average of $30.25. Hycroft Mining has a 1 year low of $6.48 and a 1 year high of $58.73.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HYMC. B. Riley Financial started coverage on shares of Hycroft Mining in a report on Monday, August 3rd. They issued a “buy” rating and a $25.00 target price on the stock. Zacks Research raised shares of Hycroft Mining to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research report on Friday, September 11th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.00.

About Hycroft Mining

Hycroft Mining Holding Corporation is a precious metals exploration and development company focused on the Hycroft Mine, an open-pit gold and silver property in Humboldt County, Nevada, near Winnemucca. The company owns and operates the Hycroft project, which includes extensive mineral rights and processing infrastructure.

The Hycroft Mine has a history of commercial gold and silver production using conventional open-pit mining and heap-leach processing methods. Hycroft Mining is currently focused primarily on exploration, technical studies and evaluating potential redevelopment and processing strategies for the property rather than operating as a conventional producing mine.

The company was formed through the restructuring of Allied Nevada Gold and has continued advancing the Hycroft project as a large-scale precious metals asset in the United States.