Hycroft Mining (NASDAQ:HYMC) Releases Earnings Results

Hycroft Mining (NASDAQ:HYMC) issued its earnings results on Monday. The company reported ($0.54) earnings per share for the quarter, FiscalAI reports.

Hycroft Mining Trading Up 0.2%

NASDAQ HYMC opened at $38.12 on Tuesday. The firm has a market capitalization of $3.47 billion, a P/E ratio of -23.53 and a beta of 2.91. The business has a fifty day simple moving average of $39.56 and a 200 day simple moving average of $27.38. Hycroft Mining has a 12 month low of $2.71 and a 12 month high of $58.73.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, SVP Rebecca Jennings sold 9,071 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $39.33, for a total value of $356,762.43. Following the completion of the sale, the senior vice president directly owned 215,794 shares of the company’s stock, valued at approximately $8,487,178.02. This represents a 4.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Eric Sprott purchased 100,000 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average cost of $37.84 per share, with a total value of $3,784,000.00. Following the completion of the transaction, the insider directly owned 37,403,704 shares in the company, valued at $1,415,356,159.36. The trade was a 0.27% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 750,000 shares of company stock valued at $31,781,500 over the last three months. 0.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hycroft Mining

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new stake in shares of Hycroft Mining during the 1st quarter valued at $34,000. FNY Investment Advisers LLC increased its position in shares of Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of Hycroft Mining during the 1st quarter valued at $49,000. Leonteq Securities AG purchased a new stake in shares of Hycroft Mining during the 1st quarter valued at $63,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Hycroft Mining during the 4th quarter valued at $52,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

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.