Hycroft Mining (NASDAQ:HYMC) SVP Rebecca Jennings Sells 15,329 Shares

by · The Markets Daily

Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) SVP Rebecca Jennings sold 15,329 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.25, for a total value of $402,386.25. Following the completion of the sale, the senior vice president directly owned 202,498 shares in the company, valued at approximately $5,315,572.50. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rebecca Jennings also recently made the following trade(s):

  • On Monday, June 15th, Rebecca Jennings sold 1,194 shares of Hycroft Mining stock. The stock was sold at an average price of $28.64, for a total value of $34,196.16.
  • On Thursday, June 4th, Rebecca Jennings sold 11,300 shares of Hycroft Mining stock. The stock was sold at an average price of $30.27, for a total value of $342,051.00.

Hycroft Mining Trading Down 4.6%

Shares of Hycroft Mining stock traded down $1.27 during trading hours on Tuesday, reaching $26.57. The stock had a trading volume of 2,314,060 shares, compared to its average volume of 3,613,477. The firm has a 50 day simple moving average of $35.46 and a two-hundred day simple moving average of $33.22. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -22.33 and a beta of 2.62. Hycroft Mining Holding Corporation has a 1 year low of $2.93 and a 1 year high of $58.73.

Hycroft Mining (NASDAQ:HYMC – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45).

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on HYMC

Institutional Investors Weigh In On Hycroft Mining

Several hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC raised its holdings in shares of Hycroft Mining by 1.1% during the 4th quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock valued at $1,000,000 after buying an additional 475 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of Hycroft Mining during the 1st quarter valued at about $34,000. FNY Investment Advisers LLC raised its holdings in shares of 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 buying an additional 1,000 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Hycroft Mining during the 1st quarter valued at about $35,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of Hycroft Mining during the 1st quarter valued at about $44,000. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

About Hycroft Mining

(Get Free Report)

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.

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