Rebecca Jennings Sells 1,194 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 1,194 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.64, for a total transaction of $34,196.16. Following the completion of the transaction, the senior vice president owned 202,498 shares in the company, valued at $5,799,542.72. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Rebecca Jennings also recently made the following trade(s):

• On Friday, June 12th, Rebecca Jennings sold 15,329 shares of Hycroft Mining stock. The stock was sold at an average price of $26.25, for a total value of $402,386.25.
• On Thursday, June 4th, Rebecca Jennings sold 11,300 shares of Hycroft Mining stock. The stock was sold at an average price of $30.27, for a total value of $342,051.00.

Hycroft Mining Trading Down 3.8%

Shares of NASDAQ:HYMC opened at $25.57 on Thursday. Hycroft Mining Holding Corporation has a 1-year low of $2.93 and a 1-year high of $58.73. The firm has a market capitalization of $2.34 billion, a PE ratio of -21.49 and a beta of 2.62. The business’s 50 day moving average is $35.07 and its 200-day moving average is $33.44.

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

Analyst Ratings Changes

HYMC has been the topic of several recent research reports. Wall Street Zen upgraded shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hycroft Mining currently has an average rating of “Sell”.

Hedge Funds Weigh In On Hycroft Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYMC. Vanguard Group Inc. boosted its position in Hycroft Mining by 150.2% in the fourth quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after buying an additional 1,702,288 shares in the last quarter. Franklin Resources Inc. acquired a new position in Hycroft Mining in the fourth quarter worth $39,815,000. Schroder Investment Management Group acquired a new position in Hycroft Mining in the fourth quarter worth $36,366,000. Tidal Investments LLC boosted its stake in Hycroft Mining by 125.3% in the third 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. Finally, UBS Group AG boosted its stake in Hycroft Mining by 711.9% in the third 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 in the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

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.