Insider Buying: Hycroft Mining (NASDAQ:HYMC) Major Shareholder Buys 200,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott purchased 200,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $13.02 per share, with a total value of $2,604,000.00. Following the purchase, the insider directly owned 30,186,352 shares of the company’s stock, valued at approximately $393,026,303.04. The trade was a 0.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The stock was acquired at an average cost 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 bought at an average cost 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 shares were bought at an average cost of $11.64 per share, for a total transaction of $698,400.00.
• On Tuesday, December 9th, Eric Sprott purchased 300,000 shares of Hycroft Mining stock. The stock was bought at an average price of $11.74 per share, for a total transaction of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott purchased 2,340,824 shares of Hycroft Mining stock. The stock was bought at an average cost of $10.30 per share, with a total value of $24,110,487.20.
• On Thursday, November 13th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The shares were bought at an average price of $9.41 per share, with a total value 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 cost of $8.07 per share, for a total transaction of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $6.50 per share, with a total value of $49,985,000.00.

Hycroft Mining Trading Up 1.2%

Hycroft Mining stock traded up $0.16 during mid-day trading on Tuesday, hitting $13.23. 1,595,494 shares of the stock were exchanged, compared to its average volume of 1,563,933. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -8.17 and a beta of 2.71. Hycroft Mining Holding Corporation has a 12 month low of $1.99 and a 12 month high of $14.34. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. The firm’s fifty day simple moving average is $9.38 and its two-hundred day simple moving average is $6.11.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Hycroft Mining

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after buying an additional 2,537 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Hycroft Mining during the third quarter worth about $96,000. Virtu Financial LLC raised its holdings in shares of Hycroft Mining by 20.3% in the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock worth $99,000 after acquiring an additional 2,700 shares during the last quarter. XTX Topco Ltd bought a new position in Hycroft Mining in the 2nd quarter valued at about $101,000. Finally, Jane Street Group LLC bought a new position in Hycroft Mining in the 1st quarter valued at about $124,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

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.