David Brian Thomas Sells 25,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 25,000 shares of Hycroft Mining stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.32, for a total value of $658,000.00. Following the sale, the senior vice president directly owned 168,374 shares of the company’s stock, valued at approximately $4,431,603.68. This trade represents a 12.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Brian Thomas also recently made the following trade(s):

• On Thursday, June 4th, David Brian Thomas sold 9,000 shares of Hycroft Mining stock. The stock was sold at an average price of $30.15, for a total value of $271,350.00.

Hycroft Mining Stock Performance

Shares of Hycroft Mining stock opened at $26.01 on Friday. The stock’s fifty day moving average price is $34.64 and its 200-day moving average price is $33.49. The firm has a market cap of $2.38 billion, a P/E ratio of -21.86 and a beta of 2.62. Hycroft Mining Holding Corporation has a 12 month low of $2.93 and a 12 month high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings data on Monday, April 27th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45).

Hedge Funds Weigh In On Hycroft Mining

A number of large investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its position in shares of Hycroft Mining by 1,666.7% during the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. Bank of America Corp DE grew its position in shares of Hycroft Mining by 166.6% in the 3rd 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 last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Hycroft Mining in the 1st quarter worth approximately $34,000. Hollencrest Capital Management bought a new position in shares of Hycroft Mining during the 1st quarter worth approximately $35,000. Finally, Legacy Wealth Managment LLC ID bought a new position in shares of Hycroft Mining during the 1st quarter worth approximately $44,000. 7.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HYMC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday. Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Hycroft Mining has an average rating of “Sell”.

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.