Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Acquires 100,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 100,000 shares of Hycroft Mining stock in a transaction on Wednesday, March 4th. The shares were acquired at an average cost of $47.58 per share, with a total value of $4,758,000.00. Following the completion of the acquisition, the insider owned 37,003,704 shares of the company’s stock, valued at $1,760,636,236.32. The trade was a 0.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Friday, February 20th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $42.05 per share, for a total transaction of $6,307,500.00.
• On Thursday, January 29th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $45.99 per share, with a total value of $9,198,000.00.
• On Monday, January 26th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The stock was bought at an average price of $49.96 per share, with a total value of $4,996,000.00.
• On Wednesday, January 14th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $33.21 per share, for a total transaction of $6,642,000.00.
• On Friday, January 9th, Eric Sprott purchased 25,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $27.05 per share, with a total value of $676,250.00.
• On Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was bought at an average price 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 stock was bought at an average cost of $22.70 per share, for a total transaction of $9,080,000.00.
• On Friday, December 26th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were bought at an average price of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $16.31 per share, with a total value of $2,446,500.00.

Hycroft Mining Trading Up 2.3%

NASDAQ HYMC traded up $0.94 on Friday, reaching $42.00. 914,859 shares of the stock were exchanged, compared to its average volume of 5,114,813. Hycroft Mining Holding Corporation has a one year low of $2.30 and a one year high of $58.73. The firm has a market capitalization of $3.49 billion, a PE ratio of -25.93 and a beta of 2.58. The company’s 50-day simple moving average is $37.92 and its two-hundred day simple moving average is $18.86.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hycroft Mining by 11.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock valued at $1,490,000 after acquiring an additional 47,385 shares during the last quarter. Jane Street Group LLC purchased a new position in Hycroft Mining during the 1st quarter worth $124,000. Timelo Investment Management Inc. bought a new stake in shares of Hycroft Mining in the second quarter valued at about $470,000. Geode Capital Management LLC raised its holdings in shares of Hycroft Mining by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock valued at $713,000 after purchasing an additional 3,146 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Hycroft Mining during the second quarter worth $101,000. Hedge funds and other institutional investors own 7.38% 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.