Vanguard Group Inc. Boosts Holdings in Hycroft Mining Holding Corporation $HYMC

Vanguard Group Inc. lifted its stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 150.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,835,578 shares of the company’s stock after acquiring an additional 1,702,288 shares during the period. Vanguard Group Inc.’s holdings in Hycroft Mining were worth $67,402,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC grew its position in shares of Hycroft Mining by 1,666.7% in 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. Bank of America Corp DE grew its position in shares of 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 during the last quarter. Mountain Capital Investment Advisors Inc. purchased a new position in shares of Hycroft Mining in the 4th quarter valued at $156,000. U S Global Investors Inc. purchased a new position in shares of Hycroft Mining in the 4th quarter valued at $238,000. Finally, SG Americas Securities LLC purchased a new position in shares of Hycroft Mining in the 4th quarter valued at $320,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

Hycroft Mining Stock Performance

HYMC stock opened at $39.36 on Friday. Hycroft Mining Holding Corporation has a one year low of $2.71 and a one year high of $58.73. The stock has a market capitalization of $3.60 billion, a PE ratio of -33.08 and a beta of 2.72. The company has a fifty day moving average of $38.18 and a 200-day moving average of $29.80.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on HYMC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Hycroft Mining from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insider Buying and Selling at Hycroft Mining

In other news, major shareholder Eric Sprott bought 100,000 shares of Hycroft Mining stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $37.84 per share, for a total transaction of $3,784,000.00. Following the purchase, the insider owned 37,403,704 shares of the company’s stock, valued at approximately $1,415,356,159.36. The trade was a 0.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Rebecca Jennings sold 9,071 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $39.33, for a total transaction of $356,762.43. Following the completion of the sale, the senior vice president owned 215,794 shares of the company’s stock, valued at $8,487,178.02. This trade represents a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 550,000 shares of company stock valued at $22,583,500 in the last 90 days. Company insiders own 0.77% of the company’s stock.

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.