Hycroft Mining (NASDAQ:HYMC) CFO Sells $497,970.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CFO Stanton Rideout sold 16,500 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.18, for a total transaction of $497,970.00. Following the transaction, the chief financial officer directly owned 481,947 shares of the company’s stock, valued at approximately $14,545,160.46. This represents a 3.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hycroft Mining Trading Down 0.4%

Hycroft Mining stock traded down $0.10 on Monday, reaching $26.33. 2,251,913 shares of the stock were exchanged, compared to its average volume of 3,671,884. The stock has a market cap of $2.41 billion, a PE ratio of -22.13 and a beta of 2.62. Hycroft Mining Holding Corporation has a twelve month low of $2.93 and a twelve month high of $58.73. The firm has a fifty day moving average price of $36.42 and a two-hundred day moving average price of $32.57.

Hycroft Mining (NASDAQ:HYMC) last released its earnings results 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).

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Hycroft Mining

Several large investors have recently added to or reduced their stakes in HYMC. FNY Investment Advisers LLC grew its stake in Hycroft Mining by 1,666.7% during the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the last quarter. Bank of America Corp DE grew its stake in Hycroft Mining by 166.6% during the third 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. bought a new stake in Hycroft Mining during the first quarter worth about $34,000. Hollencrest Capital Management bought a new stake in Hycroft Mining during the first quarter worth about $35,000. Finally, Legacy Wealth Managment LLC ID bought a new stake in Hycroft Mining during the first quarter worth about $44,000. 7.38% of the stock is owned by institutional investors.

About Hycroft Mining

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.