139,988 Shares in Hycroft Mining Holding Corporation $HYMC Bought by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd purchased a new position in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 139,988 shares of the company’s stock, valued at approximately $3,328,000. Hycroft Mining comprises about 0.8% of Caitong International Asset Management Co. Ltd’s investment portfolio, making the stock its 22nd largest position.

A number of other hedge funds have also made changes to their positions in HYMC. Global Retirement Partners LLC boosted its stake 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 worth $1,000,000 after acquiring an additional 475 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Hycroft Mining during the fourth quarter worth $52,000. Bank of America Corp DE lifted its stake in shares of Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after buying an additional 2,537 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake in shares of Hycroft Mining by 20.3% in the third 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. Institutional investors and hedge funds own 7.38% of the company’s stock.

Insider Buying and Selling at Hycroft Mining

In other 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 approximately $4,431,603.68. This trade represents a 12.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stanton K. Rideout sold 16,500 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $30.18, for a total transaction of $497,970.00. Following the sale, the chief financial officer directly owned 481,947 shares in the company, valued at approximately $14,545,160.46. The trade was a 3.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 99,873 shares of company stock valued at $2,884,778. Corporate insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on HYMC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a report on Tuesday. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Hycroft Mining presently has an average rating of “Sell”.

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $26.01 on Friday. Hycroft Mining Holding Corporation has a 52-week low of $2.93 and a 52-week high of $58.73. The business’s 50 day moving average is $34.64 and its two-hundred day moving average is $33.49. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -21.86 and a beta of 2.62.

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

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.