Eric Sprott Buys 150,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 150,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was bought at an average price of $16.31 per share, with a total value of $2,446,500.00. Following the transaction, the insider directly owned 30,756,352 shares in the company, valued at $501,636,101.12. The trade was a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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, December 17th, Eric Sprott acquired 220,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $14.60 per share, for a total transaction of $3,212,000.00.
• On Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott purchased 40,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $13.30 per share, for a total transaction of $532,000.00.
• On Thursday, December 11th, Eric Sprott purchased 120,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $12.36 per share, for a total transaction of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott acquired 60,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $11.64 per share, with a total value of $698,400.00.
• On Tuesday, December 9th, Eric Sprott bought 300,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $11.74 per share, for a total transaction of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott bought 2,340,824 shares of Hycroft Mining stock. The stock was acquired at an average cost of $10.30 per share, for a total transaction of $24,110,487.20.
• On Thursday, November 13th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $9.41 per share, with a total value of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $8.07 per share, with a total value of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott acquired 7,690,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $6.50 per share, for a total transaction of $49,985,000.00.

Hycroft Mining Trading Up 10.7%

HYMC traded up $2.62 during trading on Tuesday, reaching $27.14. 15,757,007 shares of the company’s stock were exchanged, compared to its average volume of 926,529. The company’s fifty day moving average price is $10.19 and its 200-day moving average price is $6.49. The firm has a market capitalization of $2.20 billion, a PE ratio of -16.75 and a beta of 2.71. Hycroft Mining Holding Corporation has a fifty-two week low of $1.99 and a fifty-two week high of $29.80. 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 (NASDAQ:HYMC) last posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. LM Asset IM Inc. bought a new stake in Hycroft Mining during the 2nd quarter worth about $1,189,000. Clear Harbor Asset Management LLC bought a new position in shares of Hycroft Mining in the 2nd quarter valued at about $141,000. Timelo Investment Management Inc. acquired a new stake in shares of Hycroft Mining in the second quarter valued at about $470,000. Qube Research & Technologies Ltd acquired a new stake in shares of Hycroft Mining in the third quarter valued at about $381,000. Finally, BNP Paribas Financial Markets raised its holdings in Hycroft Mining by 5,537.0% during the third quarter. BNP Paribas Financial Markets now owns 32,413 shares of the company’s stock worth $201,000 after acquiring an additional 31,838 shares in the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus 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.