Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Purchases 100,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 100,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price of $47.58 per share, with a total value of $4,758,000.00. Following the completion of the acquisition, the insider directly owned 37,003,704 shares in the company, valued at approximately $1,760,636,236.32. This trade represents a 0.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Friday, February 20th, Eric Sprott acquired 150,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $42.05 per share, with a total value of $6,307,500.00.
• On Thursday, January 29th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $45.99 per share, for a total transaction of $9,198,000.00.
• On Monday, January 26th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $49.96 per share, for a total transaction of $4,996,000.00.
• On Wednesday, January 14th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $33.21 per share, with a total value of $6,642,000.00.
• On Friday, January 9th, Eric Sprott acquired 25,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $27.05 per share, for a total transaction of $676,250.00.
• On Thursday, January 8th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $26.08 per share, for a total transaction of $2,608,000.00.
• On Monday, December 29th, Eric Sprott bought 400,000 shares of Hycroft Mining stock. The shares were bought at an average price of $22.70 per share, with a total value of $9,080,000.00.
• On Friday, December 26th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was bought at an average price 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 stock was bought at an average cost of $16.31 per share, with a total value of $2,446,500.00.

Hycroft Mining Stock Down 13.9%

HYMC stock traded down $6.61 during trading on Thursday, reaching $41.06. 5,357,894 shares of the company traded hands, compared to its average volume of 5,222,357. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of -25.35 and a beta of 2.58. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. The business has a 50 day simple moving average of $37.60 and a 200 day simple moving average of $18.70. Hycroft Mining Holding Corporation has a 12 month low of $2.30 and a 12 month high of $58.73.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hycroft Mining has an average rating of “Sell”.

Hedge Funds Weigh In On Hycroft Mining

Several hedge funds have recently modified their holdings of HYMC. Caitong International Asset Management Co. Ltd purchased a new position in shares of Hycroft Mining in the 4th quarter valued at approximately $3,328,000. Virtu Financial LLC increased its stake in Hycroft Mining by 194.6% during the 4th quarter. Virtu Financial LLC now owns 47,208 shares of the company’s stock valued at $1,122,000 after purchasing an additional 31,185 shares in the last quarter. Regal Partners Ltd purchased a new position in shares of Hycroft Mining in the fourth quarter worth $7,480,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Hycroft Mining in the fourth quarter worth $52,000. Finally, Millennium Management LLC grew its holdings in shares of Hycroft Mining by 61.6% during the fourth quarter. Millennium Management LLC now owns 571,526 shares of the company’s stock valued at $13,585,000 after buying an additional 217,866 shares during the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

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.