NewEdge Advisors LLC Takes $1.05 Million Position in Hycroft Mining Holding Corporation $HYMC

NewEdge Advisors LLC purchased a new position in Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the first quarter, Holdings Channel.com reports. The firm purchased 29,969 shares of the company’s stock, valued at approximately $1,055,000.

Several other hedge funds and other institutional investors have also modified their holdings of HYMC. California State Teachers Retirement System acquired a new position in Hycroft Mining in the 1st quarter worth about $1,958,000. UBS Group AG raised its stake in shares of Hycroft Mining by 5.4% during the 4th quarter. UBS Group AG now owns 996,148 shares of the company’s stock worth $23,678,000 after purchasing an additional 51,126 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Hycroft Mining during the 4th quarter valued at about $2,574,000. Vanguard Group Inc. lifted its holdings in shares of Hycroft Mining by 150.2% during 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. Finally, Swiss National Bank bought a new stake in shares of Hycroft Mining in the 1st quarter valued at approximately $3,362,000. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on HYMC. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. B. Riley Financial started coverage on shares of Hycroft Mining in a research note on Monday, August 3rd. They issued a “buy” rating and a $25.00 target price for the company. Zacks Research raised shares of Hycroft Mining to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday, June 16th. One 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Insider Buying and Selling

In other Hycroft Mining news, CEO Diane R. Garrett sold 21,550 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $31.50, for a total transaction of $678,825.00. Following the sale, the chief executive officer directly owned 928,352 shares of the company’s stock, valued at approximately $29,243,088. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rebecca Jennings sold 1,194 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $28.64, for a total value of $34,196.16. Following the sale, the senior vice president directly owned 202,498 shares of the company’s stock, valued at $5,799,542.72. This represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 99,873 shares of company stock valued at $2,884,778 over the last ninety days. Company insiders own 0.77% of the company’s stock.

Hycroft Mining Stock Performance

Shares of NASDAQ:HYMC opened at $26.32 on Tuesday. The stock’s 50-day moving average is $23.09 and its 200-day moving average is $32.73. The company has a market cap of $2.45 billion, a P/E ratio of -26.59 and a beta of 2.78. Hycroft Mining Holding Corporation has a 52-week low of $3.60 and a 52-week high of $58.73.

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

Hycroft Mining 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.