Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Buys 40,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average cost of $13.30 per share, with a total value of $532,000.00. Following the completion of the acquisition, the insider directly owned 29,986,352 shares in the company, valued at approximately $398,818,481.60. This represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Monday, December 15th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $13.02 per share, with a total value of $2,604,000.00.
• On Thursday, December 11th, Eric Sprott purchased 120,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $12.36 per share, with a total value of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott acquired 60,000 shares of Hycroft Mining stock. The shares were bought at an average price of $11.64 per share, for a total transaction of $698,400.00.
• On Tuesday, December 9th, Eric Sprott bought 300,000 shares of Hycroft Mining stock. The stock was bought at an average price of $11.74 per share, with a total value of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott purchased 2,340,824 shares of Hycroft Mining stock. The shares were bought at an average price of $10.30 per share, for a total transaction of $24,110,487.20.
• On Thursday, November 13th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $9.41 per share, with a total value of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The shares were bought at an average price of $8.07 per share, for a total transaction of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $49,985,000.00.

Hycroft Mining Stock Up 1.2%

Shares of HYMC stock opened at $13.23 on Wednesday. Hycroft Mining Holding Corporation has a 1 year low of $1.99 and a 1 year high of $14.34. 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’s fifty day moving average is $9.38 and its 200-day moving average is $6.11. The stock has a market cap of $1.07 billion, a PE ratio of -8.17 and a beta of 2.71.

Hycroft Mining (NASDAQ:HYMC) last released its earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02.

Institutional Trading of Hycroft Mining

A number of hedge funds have recently modified their holdings of HYMC. Tidal Investments LLC boosted its position in shares of 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 buying an additional 871,030 shares during the period. Qube Research & Technologies Ltd purchased a new position in Hycroft Mining during the 3rd quarter valued at about $381,000. Millennium Management LLC acquired a new position in shares of Hycroft Mining in the 3rd quarter valued at about $2,193,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hycroft Mining by 43.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 882,624 shares of the company’s stock worth $5,472,000 after purchasing an additional 268,633 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Hycroft Mining during the third quarter worth approximately $284,000. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Wall Street Analysts Forecast Growth

HYMC has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hycroft Mining has an average rating of “Sell”.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.