Bleakley Financial Group LLC Makes New Investment in Hycroft Mining Holding Corporation $HYMC

Bleakley Financial Group LLC purchased a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 31,737 shares of the company’s stock, valued at approximately $1,117,000.

A number of other hedge funds have also recently modified their holdings of HYMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $1,490,000 after purchasing an additional 47,385 shares during the period. Jane Street Group LLC purchased a new position in shares of Hycroft Mining during the 1st quarter worth $124,000. Geode Capital Management LLC grew its holdings in shares of Hycroft Mining by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock worth $713,000 after purchasing an additional 3,146 shares during the period. XTX Topco Ltd acquired a new stake in shares of Hycroft Mining during the 2nd quarter worth about $101,000. Finally, Shay Capital LLC increased its position in shares of Hycroft Mining by 100.2% during the second quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock valued at $772,000 after acquiring an additional 123,453 shares during the last quarter. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Hycroft Mining Trading Up 3.4%

Shares of NASDAQ HYMC opened at $19.05 on Friday. The stock has a 50 day moving average of $27.89 and a two-hundred day moving average of $34.36. Hycroft Mining Holding Corporation has a twelve month low of $3.22 and a twelve month high of $58.73. The stock has a market cap of $1.74 billion, a P/E ratio of -16.01 and a beta of 2.71.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data on Monday, April 27th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45). As a group, research analysts predict that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a report on Tuesday, June 16th. Zacks Research raised Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Finally, B. Riley Financial started coverage on Hycroft Mining in a research report on Friday, July 10th. They issued a “buy” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.00.

Insider Transactions at Hycroft Mining

In related news, CEO Diane R. Garrett sold 21,550 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $31.50, for a total transaction of $678,825.00. Following the transaction, the chief executive officer directly owned 928,352 shares in the company, valued at $29,243,088. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Eric Sprott acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average price of $37.84 per share, for a total transaction of $3,784,000.00. Following the purchase, the insider owned 37,403,704 shares of the company’s stock, valued at $1,415,356,159.36. This trade represents a 0.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 99,873 shares of company stock valued at $2,884,778 in the last three months. 0.77% of the stock is owned by company insiders.

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.