NewEdge Advisors LLC Purchases Shares of 29,969 Hycroft Mining Holding Corporation $HYMC

NewEdge Advisors LLC purchased a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,969 shares of the company’s stock, valued at approximately $1,055,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hycroft Mining by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock valued at $1,490,000 after acquiring an additional 47,385 shares during the period. Jane Street Group LLC acquired a new position in Hycroft Mining during the 1st quarter worth $124,000. Geode Capital Management LLC grew its stake 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 purchasing an additional 3,146 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Hycroft Mining during the second quarter valued at $101,000. Finally, Shay Capital LLC increased its holdings in shares of Hycroft Mining by 100.2% during the second quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock valued at $772,000 after purchasing an additional 123,453 shares during the period. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hycroft Mining news, CEO Diane R. Garrett sold 21,550 shares of Hycroft Mining stock in a transaction dated 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 owned 928,352 shares of the company’s stock, valued at $29,243,088. The trade was a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stanton K. Rideout sold 16,500 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.18, for a total value of $497,970.00. Following the completion of the transaction, the chief financial officer owned 481,947 shares in the company, valued at $14,545,160.46. This represents a 3.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 99,873 shares of company stock worth $2,884,778. 0.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HYMC has been the subject of several research analyst reports. B. Riley Financial started coverage on shares of Hycroft Mining in a report on Monday, August 3rd. They issued a “buy” rating and a $25.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday, June 16th. Wall Street Zen upgraded shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Finally, Zacks Research raised shares of Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

Hycroft Mining Price Performance

Shares of HYMC opened at $26.32 on Tuesday. Hycroft Mining Holding Corporation has a 12-month low of $3.60 and a 12-month high of $58.73. The stock has a market capitalization of $2.45 billion, a P/E ratio of -26.59 and a beta of 2.78. The firm’s 50 day moving average is $23.09 and its 200-day moving average is $32.73.

Hycroft Mining (NASDAQ:HYMC) last announced its earnings results on Tuesday, July 28th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). As a group, equities research analysts forecast that Hycroft Mining Holding Corporation will post -0.9 EPS 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.