Florida Financial Advisors LLC Invests $1.13 Million in Hycroft Mining Holding Corporation $HYMC

Florida Financial Advisors LLC bought a new position in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the first quarter, Holdings Channel.com reports. The fund bought 32,057 shares of the company’s stock, valued at approximately $1,128,000.

Several other hedge funds have also recently added to or reduced their stakes in HYMC. Contravisory Investment Management Inc. purchased a new position in Hycroft Mining in the first quarter worth approximately $34,000. Hollencrest Capital Management acquired a new position in Hycroft Mining during the 1st quarter worth approximately $35,000. FNY Investment Advisers LLC increased its position 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 valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of Hycroft Mining in the 1st quarter valued at approximately $49,000. Finally, KBC Group NV acquired a new stake in shares of Hycroft Mining in the 1st quarter valued at $51,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Price Performance

Shares of HYMC opened at $18.76 on Tuesday. Hycroft Mining Holding Corporation has a 1-year low of $3.22 and a 1-year high of $58.73. The stock has a market cap of $1.71 billion, a PE ratio of -15.76 and a beta of 2.71. The firm has a fifty day moving average price of $27.39 and a 200 day moving average price of $34.41.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly earnings data 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). As a group, equities analysts expect that Hycroft Mining Holding Corporation will post -0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, SVP Rebecca Jennings sold 1,194 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $28.64, for a total transaction of $34,196.16. Following the transaction, the senior vice president owned 202,498 shares in the company, valued at $5,799,542.72. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Brian Thomas sold 25,000 shares of Hycroft Mining stock in a transaction that occurred 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 transaction, the senior vice president directly owned 168,374 shares in the company, valued at approximately $4,431,603.68. This trade represents a 12.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 99,873 shares of company stock worth $2,884,778. Corporate insiders own 0.77% of the company’s stock.

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.