Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells $206,123.30 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 9,605 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $21.46, for a total transaction of $206,123.30. Following the completion of the sale, the senior vice president directly owned 196,924 shares of the company’s stock, valued at $4,225,989.04. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hycroft Mining Stock Down 10.8%

NASDAQ:HYMC traded down $2.29 on Tuesday, reaching $18.98. 747,282 shares of the company’s stock traded hands, compared to its average volume of 2,862,357. The stock has a 50-day simple moving average of $19.24 and a 200-day simple moving average of $29.45. The firm has a market cap of $1.77 billion, a PE ratio of -19.30 and a beta of 2.89. Hycroft Mining Holding Corporation has a 12 month low of $7.69 and a 12 month high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last posted its earnings results on Tuesday, October 27th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.11). On average, equities analysts anticipate that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HYMC. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research note on Friday, September 11th. Zacks Research raised Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. Finally, B. Riley Financial began coverage on Hycroft Mining in a report on Monday, August 3rd. They set a “buy” rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC grew its position in shares of Hycroft Mining by 78.8% in the third quarter. 180 Wealth Advisors LLC now owns 169,418 shares of the company’s stock valued at $3,226,000 after purchasing an additional 74,658 shares during the last quarter. StoneX Group Inc. bought a new position in shares of Hycroft Mining during the third quarter worth approximately $216,000. Alps Advisors Inc. increased its holdings in shares of Hycroft Mining by 693.9% during the third quarter. Alps Advisors Inc. now owns 707,574 shares of the company’s stock worth $13,472,000 after purchasing an additional 618,447 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Hycroft Mining in the third quarter valued at approximately $257,000. Finally, Sterling Capital Management LLC raised its position in shares of Hycroft Mining by 838.0% in the third quarter. Sterling Capital Management LLC now owns 1,801 shares of the company’s stock valued at $34,000 after buying an additional 1,609 shares in the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

About Hycroft Mining

Hycroft Mining Holding Corporation is a U.S.-based precious metals company focused on exploring and developing the Hycroft Mine, a large open-pit gold and silver project near Winnemucca in northern Nevada. The company’s activities include mineral exploration, mine planning and technical studies aimed at evaluating the property’s deposits.

The Hycroft property contains both oxide and sulfide mineralization. Hycroft has focused on assessing the sulfide resources and potential processing approaches, while continuing exploration across the mine site.

The company’s operations and development activities are centered in Nevada.