683 Capital Management LLC Invests $1.19 Million in Hycroft Mining Holding Corporation $HYMC

683 Capital Management LLC 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 disclosure with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $1,188,000. 683 Capital Management LLC owned about 0.06% of Hycroft Mining as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hycroft Mining by 11.5% in the 1st 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 during the last quarter. Jane Street Group LLC acquired a new position in Hycroft Mining in the 1st quarter valued at about $124,000. Geode Capital Management LLC raised its stake 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 purchasing an additional 3,146 shares during the last quarter. XTX Topco Ltd acquired a new position in Hycroft Mining in the 2nd quarter valued at about $101,000. Finally, Shay Capital LLC raised its stake in Hycroft Mining by 100.2% in the 2nd quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock valued at $772,000 after purchasing an additional 123,453 shares during the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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 dated Friday, April 24th. The stock was acquired at an average price of $37.84 per share, for a total transaction of $3,784,000.00. Following the acquisition, the insider owned 37,403,704 shares of the company’s stock, valued at $1,415,356,159.36. This trade represents a 0.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Diane R. Garrett sold 21,550 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $31.50, for a total value of $678,825.00. Following the sale, the chief executive officer owned 928,352 shares of the company’s stock, valued at $29,243,088. The trade was a 2.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 74,873 shares of company stock worth $2,226,778. Company insiders own 0.77% of the company’s stock.

Hycroft Mining Price Performance

NASDAQ HYMC opened at $25.57 on Thursday. Hycroft Mining Holding Corporation has a 12 month low of $2.93 and a 12 month high of $58.73. The company has a 50-day moving average of $35.07 and a 200-day moving average of $33.44. The company has a market cap of $2.34 billion, a P/E ratio of -21.49 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45).

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.