Eric Sprott Acquires 220,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 220,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $14.60 per share, with a total value of $3,212,000.00. Following the completion of the purchase, the insider directly owned 30,606,352 shares of the company’s stock, valued at approximately $446,852,739.20. The trade was a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The shares were bought at an average price of $13.30 per share, with a total value of $532,000.00.
• On Thursday, December 11th, Eric Sprott purchased 120,000 shares of Hycroft Mining stock. The stock was bought at an average price of $12.36 per share, with a total value of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott acquired 60,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $11.64 per share, with a total value of $698,400.00.
• On Tuesday, December 9th, Eric Sprott purchased 300,000 shares of Hycroft Mining stock. The shares were bought at an average price of $11.74 per share, with a total value of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott acquired 2,340,824 shares of Hycroft Mining stock. The stock was purchased at an average cost 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 shares were purchased 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 shares were bought at an average cost of $8.07 per share, with a total value of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott purchased 7,690,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $6.50 per share, with a total value of $49,985,000.00.

Hycroft Mining Trading Up 9.7%

Hycroft Mining stock traded up $1.36 during trading hours on Thursday, reaching $15.36. The stock had a trading volume of 1,833,598 shares, compared to its average volume of 1,624,261. The company has a debt-to-equity ratio of 2.83, a current ratio of 19.04 and a quick ratio of 18.87. The company has a fifty day simple moving average of $9.67 and a 200-day simple moving average of $6.22. The stock has a market cap of $1.24 billion, a PE ratio of -9.48 and a beta of 2.71. Hycroft Mining Holding Corporation has a 52 week low of $1.99 and a 52 week high of $15.49.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Hycroft Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYMC. Bank of America Corp DE grew 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 valued at $25,000 after purchasing an additional 2,537 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Hycroft Mining during the 3rd quarter worth approximately $96,000. Virtu Financial LLC grew its position in shares of Hycroft Mining by 20.3% during the third quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock worth $99,000 after buying an additional 2,700 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Hycroft Mining in the 2nd quarter valued at approximately $101,000. Finally, Jane Street Group LLC acquired a new stake in Hycroft Mining in the first quarter valued at $124,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Company Profile

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.