Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Buys 100,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 100,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were bought at an average price of $24.79 per share, for a total transaction of $2,479,000.00. Following the acquisition, the insider owned 30,856,352 shares in the company, valued at $764,928,966.08. The trade was a 0.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 29th, Eric Sprott purchased 400,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $22.70 per share, with a total value of $9,080,000.00.
• On Friday, December 26th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was bought at an average price of $24.93 per share, for a total transaction of $4,986,000.00.
• On Friday, December 19th, Eric Sprott acquired 150,000 shares of Hycroft Mining stock. The shares were bought at an average price of $16.31 per share, with a total value of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott bought 220,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $14.60 per share, with a total value of $3,212,000.00.
• On Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $13.02 per share, for a total transaction of $2,604,000.00.
• On Friday, December 12th, Eric Sprott purchased 40,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $13.30 per share, for a total transaction of $532,000.00.
• On Thursday, December 11th, Eric Sprott purchased 120,000 shares of Hycroft Mining stock. The shares were purchased at an average price 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 stock was purchased at an average cost of $11.64 per share, with a total value of $698,400.00.
• On Tuesday, December 9th, Eric Sprott acquired 300,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $11.74 per share, for a total transaction of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott bought 2,340,824 shares of Hycroft Mining stock. The shares were purchased at an average price of $10.30 per share, for a total transaction of $24,110,487.20.

Hycroft Mining Trading Up 0.9%

HYMC stock traded up $0.22 during midday trading on Tuesday, hitting $23.48. The stock had a trading volume of 3,994,304 shares, compared to its average volume of 1,005,844. The company’s 50-day moving average price is $11.86 and its 200 day moving average price is $7.23. 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 firm has a market cap of $1.90 billion, a PE ratio of -14.49 and a beta of 2.71. Hycroft Mining Holding Corporation has a 12-month low of $2.00 and a 12-month high of $29.80.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HYMC shares. Wall Street Zen raised shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its stake 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 valued at $9,711,000 after purchasing an additional 871,030 shares during the period. Vanguard Group Inc. increased its stake in Hycroft Mining by 18.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,133,290 shares of the company’s stock worth $7,026,000 after buying an additional 179,050 shares during the period. UBS Group AG lifted its holdings in Hycroft Mining by 711.9% in the 3rd quarter. UBS Group AG now owns 945,022 shares of the company’s stock worth $5,859,000 after buying an additional 828,625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 buying an additional 268,633 shares during the last quarter. Finally, Sprott Inc. boosted its position in Hycroft Mining by 11.7% in the 3rd quarter. Sprott Inc. now owns 816,253 shares of the company’s stock valued at $5,061,000 after buying an additional 85,490 shares during the last quarter. 7.38% of the stock is 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.