Hycroft Mining (NASDAQ:HYMC) CEO Diane Garrett Sells 21,550 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CEO Diane Garrett sold 21,550 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $31.50, for a total transaction of $678,825.00. Following the sale, the chief executive officer owned 928,352 shares in the company, valued at $29,243,088. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hycroft Mining Stock Performance

Shares of HYMC stock opened at $26.33 on Tuesday. The company has a market capitalization of $2.41 billion, a P/E ratio of -22.13 and a beta of 2.62. The company’s 50 day moving average price is $36.33 and its two-hundred day moving average price is $32.68. Hycroft Mining Holding Corporation has a 52 week low of $2.93 and a 52 week high of $58.73.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a report 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”.

Hedge Funds Weigh In On Hycroft Mining

A number of institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in Hycroft Mining during the first quarter worth $1,055,000. Bank of America Corp DE increased its holdings in Hycroft Mining by 6,228.3% during the first quarter. Bank of America Corp DE now owns 100,999 shares of the company’s stock worth $3,555,000 after buying an additional 99,403 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Hycroft Mining during the first quarter worth $778,000. Centaurus Financial Inc. increased its holdings in Hycroft Mining by 734.1% during the first quarter. Centaurus Financial Inc. now owns 56,877 shares of the company’s stock worth $2,002,000 after buying an additional 50,058 shares during the last quarter. Finally, Amundi acquired a new position in Hycroft Mining during the first quarter worth $14,471,000. 7.38% of the stock is currently owned by institutional investors and hedge funds.

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.