Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Acquires 200,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was purchased at an average cost of $33.21 per share, for a total transaction of $6,642,000.00. Following the completion of the transaction, the insider directly owned 36,453,704 shares in the company, valued at approximately $1,210,627,509.84. This trade represents a 0.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 shares were acquired at an average cost of $27.05 per share, for a total transaction of $676,250.00.
• On Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $26.08 per share, with a total value of $2,608,000.00.
• On Monday, December 29th, Eric Sprott acquired 400,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $22.70 per share, with a total value of $9,080,000.00.
• On Friday, December 26th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The stock was 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 purchased 220,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $14.60 per share, for a total transaction of $3,212,000.00.
• On Monday, December 15th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott bought 40,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $13.30 per share, with a total value 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 price of $12.36 per share, for a total transaction of $1,483,200.00.

Hycroft Mining Stock Performance

Hycroft Mining stock traded up $0.35 during mid-day trading on Thursday, reaching $34.59. The company’s stock had a trading volume of 2,928,900 shares, compared to its average volume of 5,569,799. Hycroft Mining Holding Corporation has a twelve month low of $2.03 and a twelve month high of $35.90. The business has a 50 day moving average price of $17.32 and a 200-day moving average price of $9.46. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of -21.35 and a beta of 2.64.

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, topping 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 company. Bank of America Corp DE raised its position in Hycroft Mining by 166.6% in the 3rd 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 last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Hycroft Mining during the third quarter worth approximately $96,000. Virtu Financial LLC grew its stake in shares of Hycroft Mining by 20.3% during the third quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after purchasing an additional 2,700 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Hycroft Mining in the second quarter valued at approximately $101,000. Finally, Jane Street Group LLC bought a new position in Hycroft Mining in the 1st quarter worth approximately $124,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

Analyst Ratings Changes

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

Hycroft Mining Company Profile

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.