Exchange Traded Concepts LLC Makes New $572,000 Investment in Hycroft Mining Holding Corporation $HYMC

Exchange Traded Concepts LLC purchased a new position in Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,077 shares of the company’s stock, valued at approximately $572,000.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hycroft Mining by 11.5% during the first 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 in the last quarter. Jane Street Group LLC bought a new position in Hycroft Mining in the 1st quarter valued at about $124,000. Geode Capital Management LLC grew its position in Hycroft Mining by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock valued at $713,000 after buying an additional 3,146 shares in the last quarter. XTX Topco Ltd bought a new position in Hycroft Mining in the 2nd quarter valued at about $101,000. Finally, LM Asset IM Inc. acquired a new position in Hycroft Mining during the 2nd quarter valued at about $1,189,000. 7.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hycroft Mining Stock Performance

Shares of NASDAQ HYMC opened at $36.01 on Friday. Hycroft Mining Holding Corporation has a 1 year low of $2.30 and a 1 year high of $58.73. The firm has a market cap of $3.28 billion, a P/E ratio of -22.23 and a beta of 2.91. The stock has a fifty day moving average price of $39.74 and a two-hundred day moving average price of $23.54.

Insider Buying and Selling at Hycroft Mining

In other news, major shareholder Eric Sprott bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of $47.58 per share, with a total value of $4,758,000.00. Following the completion of the purchase, the insider directly owned 37,003,704 shares of the company’s stock, valued at $1,760,636,236.32. This represents a 0.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Rebecca Jennings sold 9,071 shares of Hycroft Mining stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $39.33, for a total value of $356,762.43. Following the transaction, the senior vice president directly owned 215,794 shares in the company, valued at approximately $8,487,178.02. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 875,000 shares of company stock valued at $35,185,750. Insiders own 1.31% of the company’s stock.

About Hycroft Mining

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.