Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells $356,762.43 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 9,071 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $39.33, for a total transaction of $356,762.43. Following the completion of the transaction, the senior vice president owned 215,794 shares in the company, valued at $8,487,178.02. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Hycroft Mining Price Performance

Shares of HYMC stock opened at $31.76 on Friday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -19.60 and a beta of 2.58. Hycroft Mining Holding Corporation has a 1 year low of $2.30 and a 1 year high of $58.73. The firm has a fifty day moving average price of $40.64 and a 200-day moving average price of $21.30.

Hedge Funds Weigh In On Hycroft Mining

Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC grew its holdings in Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. Bank of America Corp DE grew its position in shares of Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after purchasing an additional 2,537 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Hycroft Mining in the fourth quarter worth about $52,000. Wells Fargo & Company MN purchased a new stake in shares of Hycroft Mining in the fourth quarter worth about $71,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Hycroft Mining in the fourth quarter worth about $81,000. Institutional investors own 7.38% of the company’s stock.

Analysts Set New Price Targets

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

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.