Insider Buying: Hycroft Mining (NASDAQ:HYMC) Major Shareholder Acquires $4,996,000.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 100,000 shares of Hycroft Mining stock in a transaction dated Monday, January 26th. The stock was purchased at an average cost of $49.96 per share, for a total transaction of $4,996,000.00. Following the completion of the purchase, the insider directly owned 36,553,704 shares in the company, valued at approximately $1,826,223,051.84. This represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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, January 14th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $33.21 per share, for a total transaction of $6,642,000.00.
• On Friday, January 9th, Eric Sprott purchased 25,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $27.05 per share, for a total transaction of $676,250.00.
• On Thursday, January 8th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $26.08 per share, with a total value of $2,608,000.00.
• On Monday, December 29th, Eric Sprott bought 400,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $22.70 per share, for a total transaction of $9,080,000.00.
• On Friday, December 26th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $24.93 per share, with a total value of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was bought at an average price of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott acquired 150,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $16.31 per share, for a total transaction of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott bought 220,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $14.60 per share, with a total value of $3,212,000.00.
• On Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was bought at an average price of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott bought 40,000 shares of Hycroft Mining stock. The shares were bought at an average price of $13.30 per share, for a total transaction of $532,000.00.

Hycroft Mining Stock Performance

Hycroft Mining stock opened at $45.73 on Friday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. Hycroft Mining Holding Corporation has a one year low of $2.09 and a one year high of $58.73. The stock’s 50 day moving average price is $24.49 and its 200 day moving average price is $12.37. The firm has a market capitalization of $3.80 billion, a PE ratio of -28.23 and a beta of 2.64.

Hycroft Mining (NASDAQ:HYMC) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Hycroft Mining presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Hycroft Mining

A number of large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC lifted its holdings in shares of Hycroft Mining by 1,666.7% in the 4th 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 last quarter. Bank of America Corp DE increased its position 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 buying an additional 2,537 shares during the period. Occudo Quantitative Strategies LP bought a new stake in Hycroft Mining in the third quarter valued at $96,000. Virtu Financial LLC lifted its stake in Hycroft Mining by 20.3% in the third quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after buying an additional 2,700 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Hycroft Mining during the second quarter valued at $101,000. Institutional investors own 7.38% of the company’s stock.

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.