Centiva Capital LP Buys New Holdings in Hycroft Mining Holding Corporation $HYMC

Centiva Capital LP purchased a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,770 shares of the company’s stock, valued at approximately $284,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG raised its holdings in shares of 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 purchasing an additional 828,625 shares during the period. LM Asset IM Inc. purchased a new stake in shares of Hycroft Mining during the 2nd quarter worth about $1,189,000. Two Sigma Investments LP grew its holdings in shares of Hycroft Mining by 328.7% during the 3rd quarter. Two Sigma Investments LP now owns 387,375 shares of the company’s stock worth $2,402,000 after purchasing an additional 297,007 shares during the period. Squarepoint Ops LLC increased its position in Hycroft Mining by 914.9% during the 3rd quarter. Squarepoint Ops LLC now owns 273,748 shares of the company’s stock worth $1,697,000 after purchasing an additional 246,774 shares in the last quarter. Finally, Vanguard Group Inc. increased its position 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 purchasing an additional 179,050 shares in the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hycroft Mining has an average rating of “Sell”.

Hycroft Mining Trading Up 3.7%

Shares of NASDAQ HYMC opened at $39.32 on Tuesday. Hycroft Mining Holding Corporation has a 12-month low of $2.30 and a 12-month high of $58.73. The company has a market cap of $3.58 billion, a P/E ratio of -24.27 and a beta of 2.58. The stock has a fifty day moving average price of $40.17 and a 200 day moving average price of $20.87.

Insider Activity at Hycroft Mining

In related news, major shareholder Eric Sprott bought 400,000 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was bought at an average price of $22.70 per share, with a total value of $9,080,000.00. Following the completion of the transaction, the insider directly owned 31,456,352 shares of the company’s stock, valued at approximately $714,059,190.40. This represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 1,945,000 shares of company stock worth $57,389,250 in the last 90 days. Insiders own 1.31% of the company’s stock.

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.