Rebecca Jennings Sells 11,300 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 11,300 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.27, for a total value of $342,051.00. Following the completion of the sale, the senior vice president owned 204,494 shares in the company, valued at $6,190,033.38. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 17th, Rebecca Jennings sold 9,071 shares of Hycroft Mining stock. The shares were sold at an average price of $39.33, for a total value of $356,762.43.

Hycroft Mining Stock Down 0.4%

Shares of NASDAQ HYMC traded down $0.10 during trading on Monday, reaching $26.33. The company had a trading volume of 2,251,913 shares, compared to its average volume of 3,671,884. The company’s fifty day moving average price is $36.42 and its 200-day moving average price is $32.57. Hycroft Mining Holding Corporation has a 12 month low of $2.93 and a 12 month high of $58.73. The stock has a market cap of $2.41 billion, a P/E ratio of -22.13 and a beta of 2.62.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Hycroft Mining by 150.2% in the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after purchasing an additional 1,702,288 shares during the period. Franklin Resources Inc. acquired a new position in shares of Hycroft Mining in the 4th quarter valued at about $39,815,000. Tidal Investments LLC raised its stake in Hycroft Mining by 125.3% during the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after buying an additional 871,030 shares during the period. Schroder Investment Management Group acquired a new position in Hycroft Mining during the 4th quarter worth approximately $36,366,000. Finally, UBS Group AG raised its stake in Hycroft Mining by 5.4% during the 4th quarter. UBS Group AG now owns 996,148 shares of the company’s stock worth $23,678,000 after buying an additional 51,126 shares during the period. 7.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.