Insider Selling: Hycroft Mining (NASDAQ:HYMC) Director Sells 3,859 Shares of Stock

by · The Cerbat Gem

Hycroft Mining Holding Corporation (NASDAQ:HYMC – Get Free Report) Director Marni Wieshofer sold 3,859 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $13.37, for a total transaction of $51,594.83. Following the completion of the transaction, the director directly owned 70,125 shares of the company’s stock, valued at approximately $937,571.25. The trade was a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hycroft Mining Stock Down 2.5%

NASDAQ HYMC traded down $0.33 during mid-day trading on Monday, reaching $13.07. 2,546,110 shares of the company’s stock traded hands, compared to its average volume of 752,310. The company has a fifty day simple moving average of $9.11 and a 200-day simple moving average of $5.96. Hycroft Mining Holding Corporation has a 1-year low of $1.99 and a 1-year high of $14.34. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -8.07 and a beta of 2.71. 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 released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HYMC. LM Asset IM Inc. bought a new position in Hycroft Mining during the 2nd quarter valued at $1,189,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Hycroft Mining in the second quarter valued at $141,000. Timelo Investment Management Inc. bought a new position in Hycroft Mining during the second quarter valued at about $470,000. Bank of America Corp DE grew its holdings in Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after acquiring an additional 2,537 shares during the period. Finally, Virtu Financial LLC lifted its holdings in Hycroft Mining by 20.3% in the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after acquiring an additional 2,700 shares during the last quarter. Institutional investors own 7.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HYMC. Wall Street Zen raised Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hycroft Mining currently has a consensus rating of “Sell”.

Get Our Latest Research Report on Hycroft Mining

About Hycroft Mining

(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.

Read More