Hycroft Mining (NASDAQ:HYMC) Shares Gap Up – What’s Next?

Hycroft Mining Holding Corporation (NASDAQ:HYMC) gapped up before the market opened on Monday . The stock had previously closed at $25.76, but opened at $28.67. Hycroft Mining shares last traded at $28.9140, with a volume of 495,046 shares traded.

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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Hycroft Mining Trading Up 11.9%

The company has a 50 day moving average price of $35.63 and a 200 day moving average price of $33.10. The firm has a market cap of $2.63 billion, a PE ratio of -24.34 and a beta of 2.62.

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

Insider Activity at Hycroft Mining

In other Hycroft Mining news, CEO Diane R. Garrett sold 21,550 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $31.50, for a total transaction of $678,825.00. Following the sale, the chief executive officer directly owned 928,352 shares in the company, valued at approximately $29,243,088. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stanton K. Rideout sold 16,500 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.18, for a total value of $497,970.00. Following the sale, the chief financial officer owned 481,947 shares in the company, valued at approximately $14,545,160.46. The trade was a 3.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 67,421 shares of company stock valued at $2,146,958 in the last 90 days. 0.77% of the stock is owned by corporate insiders.

Institutional Trading of Hycroft Mining

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hycroft Mining by 150.2% in the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after buying an additional 1,702,288 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Hycroft Mining in the 4th quarter valued at approximately $39,815,000. Schroder Investment Management Group purchased a new stake in Hycroft Mining in the 4th quarter valued at approximately $36,366,000. Tidal Investments LLC lifted its stake in Hycroft Mining by 125.3% in the 3rd quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock valued at $9,711,000 after buying an additional 871,030 shares in the last quarter. Finally, UBS Group AG lifted its stake in Hycroft Mining by 711.9% in the 3rd quarter. UBS Group AG now owns 945,022 shares of the company’s stock valued at $5,859,000 after buying an additional 828,625 shares in the last quarter. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

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.