Hycroft Mining (NASDAQ:HYMC) Major Shareholder Acquires $7,734,000.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 200,000 shares of Hycroft Mining stock in a transaction on Thursday, April 9th. The shares were bought at an average price of $38.67 per share, with a total value of $7,734,000.00. Following the completion of the transaction, the insider directly owned 37,303,704 shares of the company’s stock, valued at $1,442,534,233.68. This trade represents a 0.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, March 4th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $47.58 per share, for a total transaction of $4,758,000.00.
• On Friday, February 20th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The stock was bought at an average price of $42.05 per share, for a total transaction of $6,307,500.00.
• On Thursday, January 29th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $45.99 per share, with a total value of $9,198,000.00.
• On Monday, January 26th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were 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 purchased 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.

Hycroft Mining Price Performance

HYMC stock traded down $1.47 during trading on Friday, hitting $37.50. The stock had a trading volume of 2,477,448 shares, compared to its average volume of 4,594,175. Hycroft Mining Holding Corporation has a twelve month low of $2.71 and a twelve month high of $58.73. The company’s 50-day moving average price is $38.68 and its two-hundred day moving average price is $24.28. The stock has a market capitalization of $3.41 billion, a P/E ratio of -23.15 and a beta of 2.91.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC grew its position in shares of Hycroft Mining by 1,666.7% in the fourth 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 in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Hycroft Mining in the 4th quarter worth $52,000. Wells Fargo & Company MN acquired a new stake in shares of Hycroft Mining in the 4th quarter worth $71,000. Kestra Advisory Services LLC purchased a new position in shares of Hycroft Mining during the 4th quarter worth $81,000. Finally, Bank of America Corp DE boosted its position in shares of Hycroft Mining by 166.6% during the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after acquiring an additional 2,537 shares during the last quarter. 7.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hycroft Mining presently has a consensus rating of “Sell”.

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.