Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Purchases 200,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of $13.02 per share, for a total transaction of $2,604,000.00. Following the transaction, the insider owned 30,186,352 shares of the company’s stock, valued at $393,026,303.04. The trade was a 0.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major 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, December 12th, Eric Sprott bought 40,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $13.30 per share, with a total value of $532,000.00.
• 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, for a total transaction of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott purchased 60,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $11.64 per share, for a total transaction of $698,400.00.
• On Tuesday, December 9th, Eric Sprott acquired 300,000 shares of Hycroft Mining stock. The shares were 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 bought 2,340,824 shares of Hycroft Mining stock. The stock was 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 bought 500,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $9.41 per share, for a total transaction of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The shares were bought at an average price of $8.07 per share, with a total value of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott purchased 7,690,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $6.50 per share, with a total value of $49,985,000.00.

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $13.23 on Wednesday. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -8.17 and a beta of 2.71. The firm’s 50 day simple moving average is $9.38 and its 200-day simple moving average is $6.11. Hycroft Mining Holding Corporation has a 12 month low of $1.99 and a 12 month high of $14.34.

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

Hedge Funds Weigh In On Hycroft Mining

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of Hycroft Mining by 166.6% in 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 during the period. Occudo Quantitative Strategies LP acquired a new position in shares of Hycroft Mining during the 3rd quarter worth about $96,000. Virtu Financial LLC lifted its stake in Hycroft Mining by 20.3% in the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after buying an additional 2,700 shares in the last quarter. XTX Topco Ltd acquired a new stake in Hycroft Mining in the 2nd quarter worth about $101,000. Finally, BNP Paribas Financial Markets increased its stake in Hycroft Mining by 5,537.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company’s stock worth $201,000 after buying an additional 31,838 shares in the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HYMC. Wall Street Zen raised shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hycroft Mining Company Profile

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.