Florida Financial Advisors LLC Acquires Shares of 32,057 Hycroft Mining Holding Corporation $HYMC

Florida Financial Advisors LLC bought a new position in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 32,057 shares of the company’s stock, valued at approximately $1,128,000.

A number of other large investors have also modified their holdings of HYMC. FNY Investment Advisers LLC raised its position in shares of 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 buying an additional 1,000 shares during the last quarter. Bank of America Corp DE boosted its position 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 acquiring an additional 2,537 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in Hycroft Mining during the 1st quarter valued at about $34,000. Hollencrest Capital Management purchased a new stake in Hycroft Mining during the 1st quarter valued at about $35,000. Finally, Harbor Investment Advisory LLC acquired a new stake in Hycroft Mining in the 1st quarter valued at about $49,000. Hedge funds and other institutional investors own 7.38% of the company’s stock.

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 that occurred on Tuesday, June 16th. The shares were sold at an average price of $26.32, for a total value of $658,000.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. Also, CEO Diane R. Garrett sold 21,550 shares of the business’s 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 completion of the transaction, the chief executive officer owned 928,352 shares of the company’s stock, valued at approximately $29,243,088. This trade represents a 2.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 99,873 shares of company stock valued at $2,884,778. 0.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Hycroft Mining to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday, June 16th. Finally, B. Riley Financial initiated coverage on Hycroft Mining in a report on Friday, July 10th. They issued a “buy” rating and a $28.00 target price for the company. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hycroft Mining has an average rating of “Hold” and a consensus price target of $28.00.

Hycroft Mining Stock Performance

NASDAQ:HYMC opened at $18.76 on Tuesday. Hycroft Mining Holding Corporation has a fifty-two week low of $3.22 and a fifty-two week high of $58.73. The company has a 50 day moving average price of $27.39 and a 200 day moving average price of $34.41. The stock has a market capitalization of $1.71 billion, a P/E ratio of -15.76 and a beta of 2.71.

Hycroft Mining (NASDAQ:HYMC) last posted 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). Research analysts forecast that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current fiscal year.

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.