Foundations Investment Advisors LLC Takes Position in Hycroft Mining Holding Corporation $HYMC

Foundations Investment Advisors LLC bought a new stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 108,285 shares of the company’s stock, valued at approximately $2,574,000.

A number of other large investors have also added to or reduced their stakes in HYMC. Global Retirement Partners LLC increased its position in shares of Hycroft Mining by 1.1% during the 4th quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock valued at $1,000,000 after purchasing an additional 475 shares during the last quarter. FNY Investment Advisers LLC lifted its position in 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 buying an additional 1,000 shares during the last quarter. Bank of America Corp DE boosted its stake in Hycroft Mining by 166.6% in 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 in the last quarter. Virtu Financial LLC grew its position in Hycroft Mining by 20.3% during the third quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Hycroft Mining by 1.4% during the second quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock valued at $713,000 after acquiring an additional 3,146 shares during the last quarter. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Insider Activity

In other news, SVP Rebecca Jennings sold 9,071 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $39.33, for a total value of $356,762.43. Following the completion of the transaction, the senior vice president owned 215,794 shares in the company, valued at $8,487,178.02. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Eric Sprott acquired 100,000 shares of the stock in a transaction on Friday, April 24th. The shares were purchased at an average cost of $37.84 per share, with a total value of $3,784,000.00. Following the transaction, the insider directly owned 37,403,704 shares of the company’s stock, valued at approximately $1,415,356,159.36. This trade represents a 0.27% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 400,000 shares of company stock valued at $16,276,000. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hycroft Mining has an average rating of “Sell”.

Hycroft Mining Stock Down 0.4%

NASDAQ:HYMC opened at $33.05 on Friday. The firm has a market capitalization of $3.02 billion, a P/E ratio of -27.77 and a beta of 2.72. Hycroft Mining Holding Corporation has a 52 week low of $2.93 and a 52 week high of $58.73. The company has a fifty day moving average of $36.54 and a 200 day moving average of $31.63.

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

Hycroft Mining 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.