Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells $658,000.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 25,000 shares of the company’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 sale, the senior vice president directly owned 168,374 shares in the company, valued at approximately $4,431,603.68. This represents a 12.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

David Brian Thomas also recently made the following trade(s):

• On Thursday, June 4th, David Brian Thomas sold 9,000 shares of Hycroft Mining stock. The stock was sold at an average price of $30.15, for a total transaction of $271,350.00.

Hycroft Mining Price Performance

Hycroft Mining stock opened at $26.01 on Friday. Hycroft Mining Holding Corporation has a 12 month low of $2.93 and a 12 month high of $58.73. The company has a fifty day moving average price of $34.64 and a two-hundred day moving average price of $33.49. The company has a market cap of $2.38 billion, a PE ratio of -21.86 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last issued its earnings results 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).

Institutional Investors Weigh In On Hycroft Mining

Several large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its holdings in shares of Hycroft Mining by 1.1% in the 4th 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 period. Contravisory Investment Management Inc. acquired a new position in Hycroft Mining during the 1st quarter valued at about $34,000. 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 valued at $25,000 after purchasing an additional 1,000 shares during the period. Hollencrest Capital Management bought a new position in Hycroft Mining in the 1st quarter worth about $35,000. Finally, Legacy Wealth Managment LLC ID bought a new position in Hycroft Mining in the 1st quarter worth about $44,000. 7.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hycroft Mining presently has an average rating of “Sell”.

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.