SG Americas Securities LLC Has $2.02 Million Stock Holdings in Hycroft Mining Holding Corporation $HYMC

SG Americas Securities LLC raised its position in Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 326.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 57,329 shares of the company’s stock after acquiring an additional 43,883 shares during the period. SG Americas Securities LLC’s holdings in Hycroft Mining were worth $2,018,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Global Retirement Partners LLC raised its holdings in shares of Hycroft Mining by 1.1% in the fourth quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock valued at $1,000,000 after purchasing an additional 475 shares during the last quarter. FNY Investment Advisers LLC grew its position in Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Hycroft Mining in the 4th quarter valued at $52,000. Bank of America Corp DE increased its stake in 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. Finally, Virtu Financial LLC lifted its position in Hycroft Mining by 20.3% during the 3rd 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. 7.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on HYMC shares. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Hycroft Mining Stock Performance

Shares of NASDAQ:HYMC opened at $23.07 on Thursday. Hycroft Mining Holding Corporation has a 52-week low of $2.93 and a 52-week high of $58.73. The company has a market capitalization of $2.11 billion, a P/E ratio of -19.39 and a beta of 2.72. The company has a 50-day simple moving average of $31.80 and a 200 day simple moving average of $34.29.

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

Insiders Place Their Bets

In other Hycroft Mining news, SVP David Brian Thomas sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.32, for a total transaction of $658,000.00. Following the completion of the sale, the senior vice president owned 168,374 shares of the company’s stock, valued at $4,431,603.68. This trade represents a 12.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Diane R. Garrett sold 21,550 shares of Hycroft Mining 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 transaction, the chief executive officer directly owned 928,352 shares of the company’s stock, valued at approximately $29,243,088. This trade represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 99,873 shares of company stock worth $2,884,778 in the last quarter. Company insiders own 0.77% of the company’s stock.

Hycroft Mining 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.