Hycroft Mining (NASDAQ:HYMC) SVP Sells $271,350.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 9,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.15, for a total value of $271,350.00. Following the completion of the sale, the senior vice president owned 193,374 shares in the company, valued at $5,830,226.10. This trade represents a 4.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hycroft Mining Stock Down 0.4%

Shares of HYMC stock traded down $0.10 on Monday, reaching $26.33. The company’s stock had a trading volume of 2,251,913 shares, compared to its average volume of 3,671,884. Hycroft Mining Holding Corporation has a 12-month low of $2.93 and a 12-month high of $58.73. The company has a market capitalization of $2.41 billion, a P/E ratio of -22.13 and a beta of 2.62. The stock’s 50 day simple moving average is $36.42 and its 200-day simple moving average is $32.57.

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

Institutional Investors Weigh In On Hycroft Mining

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in Hycroft Mining during the first quarter valued at about $1,055,000. Bank of America Corp DE raised its position in Hycroft Mining by 6,228.3% during the first quarter. Bank of America Corp DE now owns 100,999 shares of the company’s stock valued at $3,555,000 after purchasing an additional 99,403 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Hycroft Mining during the first quarter valued at about $778,000. Centaurus Financial Inc. raised its position in Hycroft Mining by 734.1% during the first quarter. Centaurus Financial Inc. now owns 56,877 shares of the company’s stock valued at $2,002,000 after purchasing an additional 50,058 shares in the last quarter. Finally, Amundi purchased a new stake in Hycroft Mining during the first quarter valued at about $14,471,000. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average 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.