Hycroft Mining (NASDAQ:HYMC) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Hycroft Mining (NASDAQ:HYMC) released its quarterly earnings data on Monday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.11), FiscalAI reports.

Hycroft Mining Price Performance

Shares of HYMC opened at $15.65 on Tuesday. Hycroft Mining has a 12-month low of $6.80 and a 12-month high of $58.73. The stock has a market capitalization of $1.46 billion, a P/E ratio of -15.63 and a beta of 2.78. The firm’s 50 day moving average is $20.91 and its 200-day moving average is $30.25.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HYMC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Friday, September 11th. B. Riley Financial initiated coverage on Hycroft Mining in a research report on Monday, August 3rd. They set a “buy” rating and a $25.00 price target on the stock. Finally, Zacks Research upgraded Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

Hycroft Mining Company Profile

Hycroft Mining Holding Corporation is a precious metals exploration and development company focused on the Hycroft Mine, an open-pit gold and silver property in Humboldt County, Nevada, near Winnemucca. The company owns and operates the Hycroft project, which includes extensive mineral rights and processing infrastructure.

The Hycroft Mine has a history of commercial gold and silver production using conventional open-pit mining and heap-leach processing methods. Hycroft Mining is currently focused primarily on exploration, technical studies and evaluating potential redevelopment and processing strategies for the property rather than operating as a conventional producing mine.

The company was formed through the restructuring of Allied Nevada Gold and has continued advancing the Hycroft project as a large-scale precious metals asset in the United States.