Hycroft Mining (NASDAQ:HYMC) SVP Rebecca Jennings Sells 15,329 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 15,329 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $26.25, for a total value of $402,386.25. Following the transaction, the senior vice president directly owned 202,498 shares in the company, valued at $5,315,572.50. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 15th, Rebecca Jennings sold 1,194 shares of Hycroft Mining stock. The shares were sold at an average price of $28.64, for a total value of $34,196.16.
• On Thursday, June 4th, Rebecca Jennings sold 11,300 shares of Hycroft Mining stock. The shares were sold at an average price of $30.27, for a total value of $342,051.00.

Hycroft Mining Stock Performance

HYMC opened at $26.57 on Wednesday. Hycroft Mining Holding Corporation has a 52-week low of $2.93 and a 52-week high of $58.73. The stock has a market capitalization of $2.43 billion, a PE ratio of -22.33 and a beta of 2.62. The stock’s 50 day moving average price is $35.28 and its 200-day moving average price is $33.34.

Hycroft Mining (NASDAQ:HYMC) last posted its 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).

Institutional Investors Weigh In On Hycroft Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its stake in Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Bank of America Corp DE grew its stake in Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after purchasing an additional 2,537 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Hycroft Mining in the first quarter worth $34,000. Hollencrest Capital Management purchased a new stake in Hycroft Mining in the first quarter worth $35,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Hycroft Mining in the first quarter worth $44,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.