Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells $271,350.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $30.15, for a total value of $271,350.00. Following the sale, the senior vice president owned 193,374 shares of the company’s stock, valued at approximately $5,830,226.10. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Hycroft Mining Trading Down 7.5%

NASDAQ:HYMC opened at $22.98 on Thursday. Hycroft Mining Holding Corporation has a 12 month low of $2.93 and a 12 month high of $58.73. The stock has a 50 day moving average of $36.01 and a two-hundred day moving average of $32.87. The firm has a market cap of $2.10 billion, a P/E ratio of -19.31 and a beta of 2.62.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Hycroft Mining

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Hycroft Mining by 150.2% in the fourth quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after purchasing an additional 1,702,288 shares in the last quarter. Franklin Resources Inc. purchased a new position in Hycroft Mining in the fourth quarter worth approximately $39,815,000. Tidal Investments LLC grew its position in Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after acquiring an additional 871,030 shares during the period. Schroder Investment Management Group purchased a new position in Hycroft Mining in the fourth quarter worth approximately $36,366,000. Finally, UBS Group AG grew its position in Hycroft Mining by 5.4% in the fourth quarter. UBS Group AG now owns 996,148 shares of the company’s stock worth $23,678,000 after acquiring an additional 51,126 shares during the period. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

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.