683 Capital Management LLC Makes New $1.19 Million Investment in Hycroft Mining Holding Corporation $HYMC

683 Capital Management LLC purchased a new position in Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,188,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hycroft Mining by 11.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock valued at $1,490,000 after buying an additional 47,385 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Hycroft Mining during the 1st quarter valued at approximately $124,000. Geode Capital Management LLC boosted its stake in shares of Hycroft Mining by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock valued at $713,000 after buying an additional 3,146 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Hycroft Mining during the 2nd quarter valued at approximately $101,000. Finally, Shay Capital LLC boosted its stake in shares of Hycroft Mining by 100.2% during the 2nd quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock valued at $772,000 after buying an additional 123,453 shares during the last quarter. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Hycroft Mining Trading Down 3.8%

HYMC stock opened at $25.57 on Thursday. The firm has a market cap of $2.34 billion, a P/E ratio of -21.49 and a beta of 2.62. Hycroft Mining Holding Corporation has a 12-month low of $2.93 and a 12-month high of $58.73. The stock’s 50 day simple moving average is $35.07 and its 200 day simple moving average is $33.44.

Hycroft Mining (NASDAQ:HYMC) last posted its quarterly earnings results on Monday, April 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.45).

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hycroft Mining has an average rating of “Sell”.

Insider Buying and Selling at Hycroft Mining

In related news, CEO Diane R. Garrett sold 21,550 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $31.50, for a total transaction of $678,825.00. Following the sale, the chief executive officer directly owned 928,352 shares of the company’s stock, valued at approximately $29,243,088. This represents a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Eric Sprott purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $37.84 per share, for a total transaction of $3,784,000.00. Following the completion of the transaction, the insider owned 37,403,704 shares in the company, valued at approximately $1,415,356,159.36. This represents a 0.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 74,873 shares of company stock worth $2,226,778. 0.77% of the stock is owned by insiders.

Hycroft Mining 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.