Insider Buying: Hycroft Mining (NASDAQ:HYMC) Major Shareholder Buys 40,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott purchased 40,000 shares of Hycroft Mining stock in a transaction on Friday, December 12th. The shares were acquired at an average cost of $13.30 per share, for a total transaction of $532,000.00. Following the completion of the transaction, the insider owned 29,986,352 shares of the company’s stock, valued at $398,818,481.60. This represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, December 15th, Eric Sprott purchased 200,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $13.02 per share, for a total transaction of $2,604,000.00.
• On Thursday, December 11th, Eric Sprott acquired 120,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $12.36 per share, with a total value of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott purchased 60,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $11.64 per share, for a total transaction 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, for a total transaction of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott bought 2,340,824 shares of Hycroft Mining stock. The shares were acquired at an average price of $10.30 per share, with a total value of $24,110,487.20.
• On Thursday, November 13th, Eric Sprott purchased 500,000 shares of Hycroft Mining stock. The stock was 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 purchased 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 acquired 7,690,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $6.50 per share, with a total value of $49,985,000.00.

Hycroft Mining Stock Up 1.2%

Shares of Hycroft Mining stock traded up $0.16 during trading on Tuesday, reaching $13.23. The company had a trading volume of 1,595,494 shares, compared to its average volume of 1,563,933. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. Hycroft Mining Holding Corporation has a fifty-two week low of $1.99 and a fifty-two week high of $14.34. The firm’s fifty day moving average is $9.38 and its 200-day moving average is $6.11. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -8.17 and a beta of 2.71.

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

Analyst Ratings Changes

Several brokerages have weighed in on HYMC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Hycroft Mining

A number of large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hycroft Mining by 11.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock worth $1,490,000 after acquiring an additional 47,385 shares in the last quarter. Jane Street Group LLC purchased a new position in Hycroft Mining in the 1st quarter worth about $124,000. Clear Harbor Asset Management LLC acquired a new stake in Hycroft Mining during the 2nd quarter worth about $141,000. Timelo Investment Management Inc. purchased a new stake in Hycroft Mining during the second quarter valued at about $470,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Hycroft Mining by 1.4% in the second quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock worth $713,000 after buying an additional 3,146 shares during the period. 7.38% of the stock is currently owned by institutional investors.

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.