Traders Purchase Large Volume of Hycroft Mining Call Options (NASDAQ:HYMC)

Hycroft Mining Holding Corporation (NASDAQ:HYMC) saw unusually large options trading on Friday. Traders bought 2,674 call options on the company. This is an increase of approximately 63% compared to the average daily volume of 1,639 call options.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Insider Buying and Selling at Hycroft Mining

In related news, major shareholder Eric Sprott acquired 220,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of $14.60 per share, with a total value of $3,212,000.00. Following the purchase, the insider directly owned 30,606,352 shares in the company, valued at approximately $446,852,739.20. This trade represents a 0.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marni Wieshofer sold 3,859 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $13.37, for a total transaction of $51,594.83. Following the sale, the director directly owned 70,125 shares in the company, valued at approximately $937,571.25. The trade was a 5.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have purchased 11,970,824 shares of company stock valued at $94,887,087. 1.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hycroft Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in HYMC. Tidal Investments LLC boosted its holdings in Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock valued at $9,711,000 after acquiring an additional 871,030 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Hycroft Mining during the 3rd quarter worth approximately $381,000. Millennium Management LLC acquired a new position in shares of Hycroft Mining in the 3rd quarter worth approximately $2,193,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hycroft Mining by 43.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 882,624 shares of the company’s stock valued at $5,472,000 after purchasing an additional 268,633 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Hycroft Mining during the third quarter worth $284,000. 7.38% of the stock is owned by institutional investors and hedge funds.

Hycroft Mining Trading Up 5.1%

Shares of NASDAQ:HYMC traded up $0.78 during mid-day trading on Friday, reaching $16.14. 689,111 shares of the company’s stock were exchanged, compared to its average volume of 768,620. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. Hycroft Mining has a twelve month low of $1.99 and a twelve month high of $16.34. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -9.95 and a beta of 2.71. The business’s fifty day moving average price is $9.67 and its 200-day moving average price is $6.22.

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

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.