Foundations Investment Advisors LLC Makes New $2.57 Million Investment in Hycroft Mining Holding Corporation $HYMC

Foundations Investment Advisors LLC acquired a new stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 108,285 shares of the company’s stock, valued at approximately $2,574,000. Foundations Investment Advisors LLC owned 0.13% of Hycroft Mining at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HYMC. FNY Investment Advisers LLC raised its position in Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. Bank of America Corp DE raised its holdings in shares of Hycroft Mining by 166.6% in the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after purchasing an additional 2,537 shares during the period. Mountain Capital Investment Advisors Inc. bought a new stake in shares of Hycroft Mining in the 4th quarter worth approximately $156,000. Kingsview Wealth Management LLC purchased a new position in Hycroft Mining in the fourth quarter valued at approximately $233,000. Finally, U S Global Investors Inc. purchased a new position in Hycroft Mining in the fourth quarter valued at approximately $238,000. 7.38% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Rebecca Jennings sold 9,071 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $39.33, for a total transaction of $356,762.43. Following the completion of the transaction, the senior vice president owned 215,794 shares of the company’s stock, valued at approximately $8,487,178.02. The trade was a 4.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Eric Sprott purchased 200,000 shares of Hycroft Mining stock in a transaction dated Thursday, April 9th. The shares were purchased at an average price of $38.67 per share, with a total value of $7,734,000.00. Following the completion of the transaction, the insider directly owned 37,303,704 shares in the company, valued at approximately $1,442,534,233.68. This represents a 0.54% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 400,000 shares of company stock valued at $16,276,000. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday. 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 Down 0.4%

NASDAQ HYMC opened at $33.05 on Friday. The firm has a market cap of $3.02 billion, a P/E ratio of -27.77 and a beta of 2.72. The company’s 50 day moving average is $36.54 and its 200-day moving average is $31.63. Hycroft Mining Holding Corporation has a 12-month low of $2.93 and a 12-month high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last released 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 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.