Janus Henderson Group PLC Takes Position in Hycroft Mining Holding Corporation $HYMC

Janus Henderson Group PLC purchased a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,100 shares of the company’s stock, valued at approximately $778,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 buying an additional 1,702,288 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Hycroft Mining in the 4th quarter worth approximately $39,815,000. Schroder Investment Management Group bought a new position in shares of Hycroft Mining in the fourth quarter valued at approximately $36,366,000. Tidal Investments LLC grew its holdings in shares of Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock valued at $9,711,000 after acquiring an additional 871,030 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Hycroft Mining by 711.9% during the third quarter. UBS Group AG now owns 945,022 shares of the company’s stock valued at $5,859,000 after acquiring an additional 828,625 shares during the last quarter. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HYMC has been the topic of a number of recent analyst reports. Zacks Research upgraded Hycroft Mining to a “hold” rating in a report on Monday, July 13th. B. Riley Financial started coverage on Hycroft Mining in a research note on Monday, August 3rd. They issued a “buy” rating and a $25.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday, June 16th. Finally, Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.00.

Insider Buying and Selling

In other news, SVP David Brian Thomas sold 25,000 shares of Hycroft Mining stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.32, for a total value of $658,000.00. Following the completion of the transaction, the senior vice president directly owned 168,374 shares in the company, valued at approximately $4,431,603.68. The trade was a 12.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diane R. Garrett sold 21,550 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $31.50, for a total value of $678,825.00. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,873 shares of company stock valued at $2,884,778 in the last ninety days. 0.77% of the stock is owned by company insiders.

Hycroft Mining Trading Up 2.8%

Shares of HYMC stock opened at $27.29 on Tuesday. The firm’s 50 day moving average is $23.37 and its 200 day moving average is $33.48. The stock has a market capitalization of $2.54 billion, a P/E ratio of -27.57 and a beta of 2.78. Hycroft Mining Holding Corporation has a 12 month low of $3.34 and a 12 month high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings data on Tuesday, July 28th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). On average, equities analysts predict that Hycroft Mining Holding Corporation will post -0.9 EPS for the current year.

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.