Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Purchases 100,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were bought at an average price of $24.79 per share, for a total transaction of $2,479,000.00. Following the completion of the acquisition, the insider owned 30,856,352 shares of the company’s stock, valued at $764,928,966.08. This trade represents a 0.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 29th, Eric Sprott bought 400,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $22.70 per share, with a total value of $9,080,000.00.
• On Friday, December 26th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $24.93 per share, for a total transaction of $4,986,000.00.
• On Friday, December 19th, Eric Sprott acquired 150,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $16.31 per share, with a total value of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott bought 220,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $14.60 per share, for a total transaction of $3,212,000.00.
• On Monday, December 15th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were acquired at an average cost of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $13.30 per share, for a total transaction of $532,000.00.
• On Thursday, December 11th, Eric Sprott bought 120,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $12.36 per share, with a total value of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott bought 60,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $11.64 per share, with a total value of $698,400.00.
• On Tuesday, December 9th, Eric Sprott acquired 300,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $11.74 per share, with a total value of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott bought 2,340,824 shares of Hycroft Mining stock. The stock was bought at an average cost of $10.30 per share, for a total transaction of $24,110,487.20.

Hycroft Mining Stock Performance

Shares of NASDAQ HYMC opened at $23.48 on Wednesday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. The stock has a 50 day moving average price of $12.18 and a 200 day moving average price of $7.38. The stock has a market capitalization of $1.90 billion, a PE ratio of -14.49 and a beta of 2.71. Hycroft Mining Holding Corporation has a 52 week low of $2.00 and a 52 week high of $29.80.

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.

Institutional Trading of Hycroft Mining

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Hycroft Mining by 166.6% in the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after buying an additional 2,537 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Hycroft Mining in the third quarter valued at about $96,000. Virtu Financial LLC grew its stake in shares of Hycroft Mining by 20.3% in 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 in the last quarter. XTX Topco Ltd acquired a new position in shares of Hycroft Mining in the second quarter valued at about $101,000. Finally, Jane Street Group LLC bought a new position in Hycroft Mining during the first quarter worth about $124,000. 7.38% of the stock is currently owned by institutional investors.

More Hycroft Mining News

Here are the key news stories impacting Hycroft Mining this week:

• Positive Sentiment: Eric Sprott bought a total of 700,000 Hycroft shares across Dec. 24, 26 and 29 (100k @ $24.79, 200k @ $24.93, 400k @ $22.70), spending roughly $16.55 million and increasing his stake to ~31.46M shares (a ~1.29% incremental increase on the most recent filing). Insider accumulation at these price levels is a clear confidence signal and likely adds direct buying pressure/support to the share price. Read More.
• Negative Sentiment: Unusually large put-option activity: traders purchased 9,876 put contracts on Monday — a 321% jump versus the typical daily put volume (~2,345). That represents a materially larger-than-normal bet on downside (roughly 987,600 shares of underlying exposure via standard 100-share contracts) and may signal increased bearish sentiment or hedging demand that can raise implied volatility and exert short-term downward pressure on the stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HYMC. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Hycroft Mining

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.