Eric Sprott Purchases 2,340,824 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 2,340,824 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was acquired at an average cost of $10.30 per share, with a total value of $24,110,487.20. Following the transaction, the insider owned 29,466,352 shares of the company’s stock, valued at $303,503,425.60. This represents a 8.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Eric Sprott also recently made the following trade(s):

• On Thursday, November 13th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $9.41 per share, for a total transaction of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The stock was bought at an average price of $8.07 per share, with a total value of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $6.50 per share, for a total transaction of $49,985,000.00.
• On Wednesday, September 10th, Eric Sprott bought 9,344,704 shares of Hycroft Mining stock. The shares were bought at an average price of $4.28 per share, for a total transaction of $39,995,333.12.

Hycroft Mining Stock Down 4.3%

HYMC stock opened at $11.45 on Friday. The company has a market cap of $927.06 million, a price-to-earnings ratio of -7.07 and a beta of 2.71. Hycroft Mining Holding Corporation has a twelve month low of $1.99 and a twelve month high of $12.50. The business has a 50 day moving average price of $8.54 and a two-hundred day moving average price of $5.62. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02.

Analyst Ratings Changes

A number of brokerages have recently commented on HYMC. Wall Street Zen raised shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Hycroft Mining

Several large investors have recently modified their holdings of the stock. Tidal Investments LLC lifted its stake in shares of Hycroft Mining by 125.3% during the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after buying an additional 871,030 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in Hycroft Mining during the third quarter worth approximately $381,000. Millennium Management LLC bought a new stake in shares of Hycroft Mining during the third quarter worth approximately $2,193,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hycroft Mining by 43.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 882,624 shares of the company’s stock valued at $5,472,000 after purchasing an additional 268,633 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Hycroft Mining in the third quarter valued at approximately $284,000. 7.38% of the stock is owned by institutional investors.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.