Hycroft Mining (NASDAQ:HYMC) CFO Stanton Rideout Sells 16,500 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CFO Stanton Rideout sold 16,500 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.18, for a total transaction of $497,970.00. Following the transaction, the chief financial officer owned 481,947 shares in the company, valued at approximately $14,545,160.46. This represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hycroft Mining Stock Down 0.4%

Shares of Hycroft Mining stock traded down $0.10 on Monday, hitting $26.33. 2,251,913 shares of the company traded hands, compared to its average volume of 3,671,884. The company has a 50-day moving average price of $36.42 and a 200 day moving average price of $32.57. Hycroft Mining Holding Corporation has a 12-month low of $2.93 and a 12-month high of $58.73. The company has a market cap of $2.41 billion, a PE ratio of -22.13 and a beta of 2.62.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Hycroft Mining

Several institutional investors and hedge funds have recently modified their holdings of HYMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 purchasing an additional 47,385 shares during the last quarter. Jane Street Group LLC acquired a new position in Hycroft Mining during the 1st quarter worth $124,000. Geode Capital Management LLC lifted its position in Hycroft Mining by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock worth $713,000 after acquiring an additional 3,146 shares during the last quarter. XTX Topco Ltd acquired a new position in Hycroft Mining during the 2nd quarter worth $101,000. Finally, Shay Capital LLC lifted its position in Hycroft Mining by 100.2% during the 2nd quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock worth $772,000 after acquiring an additional 123,453 shares during the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Company 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.