Eric Sprott Buys 200,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

by · The Cerbat Gem

Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) major shareholder Eric Sprott purchased 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average price of $13.02 per share, with a total value of $2,604,000.00. Following the acquisition, the insider directly owned 30,186,352 shares of the company’s stock, valued at $393,026,303.04. This represents a 0.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $13.30 per share, for a total transaction of $532,000.00.
  • On Thursday, December 11th, Eric Sprott bought 120,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $12.36 per share, with a total value of $1,483,200.00.
  • On Wednesday, December 10th, Eric Sprott purchased 60,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $11.64 per share, for a total transaction of $698,400.00.
  • On Tuesday, December 9th, Eric Sprott purchased 300,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $11.74 per share, for a total transaction of $3,522,000.00.
  • On Wednesday, December 3rd, Eric Sprott acquired 2,340,824 shares of Hycroft Mining stock. The stock was purchased at an average cost of $10.30 per share, with a total value of $24,110,487.20.
  • On Thursday, November 13th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $9.41 per share, with a total value of $4,705,000.00.
  • On Tuesday, November 11th, Eric Sprott bought 500,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $8.07 per share, for a total transaction of $4,035,000.00.
  • On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The stock was acquired at an average price of $6.50 per share, for a total transaction of $49,985,000.00.

Hycroft Mining Stock Performance

Shares of HYMC traded up $0.16 on Tuesday, reaching $13.23. 1,595,494 shares of the company’s stock traded hands, compared to its average volume of 1,563,933. The stock’s 50 day simple moving average is $9.38 and its two-hundred day simple moving average is $6.11. The stock has a market cap of $1.07 billion, a PE ratio of -8.17 and a beta of 2.71. Hycroft Mining Holding Corporation has a 52-week low of $1.99 and a 52-week high of $14.34. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83.

Hycroft Mining (NASDAQ:HYMC – Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.02.

Institutional Trading of Hycroft Mining

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in 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 buying an additional 2,537 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in shares of Hycroft Mining during the third quarter worth $96,000. Virtu Financial LLC boosted its holdings 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 period. XTX Topco Ltd purchased a new position in shares of Hycroft Mining in the second quarter valued at $101,000. Finally, Jane Street Group LLC bought a new stake in shares of Hycroft Mining during the 1st quarter valued at $124,000. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HYMC has been the subject of several research reports. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Research Report on HYMC

Hycroft Mining Company Profile

(Get Free Report)

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.

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