Bleakley Financial Group LLC Buys New Shares in Hycroft Mining Holding Corporation $HYMC

Bleakley Financial Group LLC acquired a new position in Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,737 shares of the company’s stock, valued at approximately $1,117,000.

Other hedge funds have also bought and sold shares of the company. 180 Wealth Advisors LLC purchased a new stake in Hycroft Mining during the first quarter valued at approximately $1,164,000. Kestra Advisory Services LLC increased its holdings in Hycroft Mining by 70.5% during the first quarter. Kestra Advisory Services LLC now owns 5,815 shares of the company’s stock valued at $205,000 after buying an additional 2,405 shares during the period. Integrated Advisors Network LLC boosted its stake in Hycroft Mining by 102.7% in the first quarter. Integrated Advisors Network LLC now owns 20,529 shares of the company’s stock valued at $723,000 after acquiring an additional 10,400 shares in the last quarter. Bogart Wealth LLC purchased a new position in Hycroft Mining in the first quarter worth $313,000. Finally, Private Advisor Group LLC purchased a new position in Hycroft Mining in the first quarter worth $239,000. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Insider Transactions at Hycroft Mining

In other news, CFO Stanton K. Rideout sold 16,500 shares of the firm’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 value of $497,970.00. Following the transaction, the chief financial officer owned 481,947 shares in the company, valued at $14,545,160.46. This trade represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Diane R. Garrett sold 21,550 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $31.50, for a total value of $678,825.00. Following the completion of the transaction, the chief executive officer owned 928,352 shares in the company, valued at approximately $29,243,088. This trade represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 99,873 shares of company stock worth $2,884,778 in the last ninety days. Company insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

HYMC has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a report on Tuesday, June 16th. Zacks Research raised shares of Hycroft Mining to a “hold” rating in a research report on Monday, July 13th. B. Riley Financial assumed coverage on shares of Hycroft Mining in a research note on Friday, July 10th. They set a “buy” rating and a $28.00 price target on the stock. Finally, Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.00.

Hycroft Mining Price Performance

HYMC opened at $19.05 on Friday. The firm has a fifty day moving average price of $27.89 and a 200 day moving average price of $34.36. Hycroft Mining Holding Corporation has a 1 year low of $3.22 and a 1 year high of $58.73. The stock has a market cap of $1.74 billion, a P/E ratio of -16.01 and a beta of 2.71.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings results on Monday, April 27th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.45). Equities analysts expect that Hycroft Mining Holding Corporation will post -0.9 EPS for the current year.

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.