Eric Sprott Acquires 100,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 100,000 shares of Hycroft Mining stock in a transaction on Thursday, January 8th. The shares were purchased at an average cost of $26.08 per share, for a total transaction of $2,608,000.00. Following the acquisition, the insider owned 31,556,352 shares in the company, valued at approximately $822,989,660.16. This represents a 0.32% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% 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, January 9th, Eric Sprott bought 25,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $27.05 per share, with a total value of $676,250.00.
• On Monday, December 29th, Eric Sprott bought 400,000 shares of Hycroft Mining stock. The shares were purchased at an average price 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 purchased at an average price of $24.93 per share, with a total value of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $16.31 per share, for a total transaction of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott purchased 220,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $14.60 per share, with a total value of $3,212,000.00.
• On Monday, December 15th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott purchased 40,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $13.30 per share, for a total transaction of $532,000.00.
• On Thursday, December 11th, Eric Sprott bought 120,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $12.36 per share, for a total transaction of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott bought 60,000 shares of Hycroft Mining stock. The shares were bought at an average price of $11.64 per share, with a total value of $698,400.00.

Hycroft Mining Trading Up 3.6%

Shares of HYMC stock traded up $0.95 on Friday, reaching $27.13. The company had a trading volume of 2,503,929 shares, compared to its average volume of 4,039,842. The stock has a market cap of $2.25 billion, a PE ratio of -16.75 and a beta of 2.64. The company has a 50-day moving average of $14.83 and a 200-day moving average of $8.45. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. Hycroft Mining Holding Corporation has a 12 month low of $2.00 and a 12 month high of $30.33.

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

Institutional Investors Weigh In On Hycroft Mining

Several institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its holdings in Hycroft Mining by 125.3% during the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after purchasing an additional 871,030 shares in the last quarter. UBS Group AG boosted its position in shares of Hycroft Mining by 711.9% during the third 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 during the period. LM Asset IM Inc. bought a new position in shares of Hycroft Mining during the second quarter worth about $1,189,000. Millennium Management LLC acquired a new stake in Hycroft Mining in the 3rd quarter valued at approximately $2,193,000. Finally, Two Sigma Investments LP lifted its stake in Hycroft Mining by 328.7% in the 3rd quarter. Two Sigma Investments LP now owns 387,375 shares of the company’s stock valued at $2,402,000 after acquiring an additional 297,007 shares in the last quarter. 7.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.