Insider Buying: Hycroft Mining (NASDAQ:HYMC) Major Shareholder Acquires $9,198,000.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 200,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were bought at an average price of $45.99 per share, with a total value of $9,198,000.00. Following the completion of the acquisition, the insider directly owned 36,753,704 shares in the company, valued at $1,690,302,846.96. This trade represents a 0.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Eric Sprott also recently made the following trade(s):

• On Monday, January 26th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The stock was bought at an average price of $49.96 per share, with a total value of $4,996,000.00.
• On Wednesday, January 14th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $33.21 per share, for a total transaction of $6,642,000.00.
• On Friday, January 9th, Eric Sprott bought 25,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $27.05 per share, for a total transaction of $676,250.00.
• On Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $26.08 per share, with a total value of $2,608,000.00.
• On Monday, December 29th, Eric Sprott purchased 400,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $22.70 per share, for a total transaction of $9,080,000.00.
• On Friday, December 26th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott bought 150,000 shares of Hycroft Mining stock. The stock was acquired at an average cost of $16.31 per share, for a total transaction of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott purchased 220,000 shares of Hycroft Mining stock. The shares were acquired at an average price of $14.60 per share, for a total transaction of $3,212,000.00.
• On Monday, December 15th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $13.02 per share, with a total value of $2,604,000.00.

Hycroft Mining Price Performance

Shares of HYMC stock opened at $37.35 on Monday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. Hycroft Mining Holding Corporation has a fifty-two week low of $2.22 and a fifty-two week high of $58.73. The firm has a market cap of $3.10 billion, a P/E ratio of -23.06 and a beta of 2.61. The business’s 50 day moving average price is $25.04 and its 200-day moving average price is $12.72.

Wall Street Analyst Weigh In

HYMC has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Hycroft Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC lifted its holdings in shares of Hycroft Mining by 1,666.7% during the fourth 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 last quarter. Bank of America Corp DE raised its stake in Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after buying an additional 2,537 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in Hycroft Mining in the third quarter worth $96,000. Virtu Financial LLC grew 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 acquiring an additional 2,700 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Hycroft Mining during the second quarter valued at $101,000. Hedge funds and other institutional investors own 7.38% 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.