Hycroft Mining (NASDAQ:HYMC) Shares Down 17.6% – Should You Sell?

Hycroft Mining Holding Corporation (NASDAQ:HYMC) fell 17.6% during mid-day trading on Tuesday . The stock traded as low as $46.29 and last traded at $45.9340. 1,694,927 shares traded hands during trading, a decline of 67% from the average session volume of 5,152,549 shares. The stock had previously closed at $55.74.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Hycroft Mining Stock Down 1.7%

The firm has a 50 day moving average of $37.60 and a two-hundred day moving average of $18.70. The stock has a market capitalization of $3.96 billion, a PE ratio of -29.43 and a beta of 2.58. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83.

Insider Activity

In other Hycroft Mining news, major shareholder Eric Sprott acquired 400,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average cost of $22.70 per share, for a total transaction of $9,080,000.00. Following the transaction, the insider directly owned 31,456,352 shares of the company’s stock, valued at approximately $714,059,190.40. This represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders acquired 2,565,000 shares of company stock worth $61,470,850. Insiders own 1.31% of the company’s stock.

Institutional Trading of Hycroft Mining

Several large investors have recently modified their holdings of the business. Global Retirement Partners LLC raised 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 worth $1,000,000 after purchasing an additional 475 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Hycroft Mining during the fourth quarter worth $52,000. Bank of America Corp DE raised its holdings in shares of 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 acquiring an additional 2,537 shares during the last quarter. Finally, Virtu Financial LLC lifted its position 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. 7.38% of the stock is currently owned by institutional investors and hedge funds.

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.