Rebecca Jennings Sells 15,329 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 15,329 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $26.25, for a total value of $402,386.25. Following the sale, the senior vice president owned 202,498 shares in the company, valued at approximately $5,315,572.50. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rebecca Jennings also recently made the following trade(s):

• On Monday, June 15th, Rebecca Jennings sold 1,194 shares of Hycroft Mining stock. The shares were sold at an average price of $28.64, for a total value of $34,196.16.
• On Thursday, June 4th, Rebecca Jennings sold 11,300 shares of Hycroft Mining stock. The stock was sold at an average price of $30.27, for a total value of $342,051.00.

Hycroft Mining Trading Down 4.6%

HYMC stock traded down $1.27 during midday trading on Tuesday, hitting $26.57. 2,314,060 shares of the company’s stock were exchanged, compared to its average volume of 3,613,477. Hycroft Mining Holding Corporation has a 12-month low of $2.93 and a 12-month high of $58.73. The firm has a 50 day moving average price of $35.46 and a 200-day moving average price of $33.22. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -22.33 and a beta of 2.62.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HYMC. FNY Investment Advisers LLC grew its position in shares of Hycroft Mining by 1,666.7% in the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares in 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 acquiring an additional 2,537 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Hycroft Mining in the 1st quarter worth approximately $34,000. Hollencrest Capital Management acquired a new position in shares of Hycroft Mining in the 1st quarter worth approximately $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Hycroft Mining in the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

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.