Hycroft Mining (NASDAQ:HYMC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hycroft Mining (NASDAQ:HYMC) from a sell rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hycroft Mining has a consensus rating of “Sell”.

Hycroft Mining Stock Performance

Shares of Hycroft Mining stock opened at $8.06 on Friday. The company has a market cap of $652.59 million, a PE ratio of -4.98 and a beta of 2.51. Hycroft Mining has a 52 week low of $1.99 and a 52 week high of $9.75. The business has a 50 day moving average price of $6.53 and a 200-day moving average price of $4.54. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83.

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

Insider Buying and Selling

In related news, SVP David Brian Thomas sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $7.39, for a total value of $147,800.00. Following the completion of the transaction, the senior vice president directly owned 96,070 shares in the company, valued at $709,957.30. The trade was a 17.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Eric Sprott bought 9,344,704 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were bought at an average price of $4.28 per share, with a total value of $39,995,333.12. Following the completion of the purchase, the insider owned 17,535,528 shares in the company, valued at approximately $75,052,059.84. The trade was a 114.09% increase in their position. The SEC filing for this purchase provides additional information. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hycroft Mining

Hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Hycroft Mining in the 1st quarter worth $136,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $1,490,000 after buying an additional 47,385 shares during the period. Jane Street Group LLC bought a new position in Hycroft Mining in the 1st quarter worth $124,000. Clear Harbor Asset Management LLC bought a new position in Hycroft Mining in the 2nd quarter worth $141,000. Finally, Timelo Investment Management Inc. bought a new position in Hycroft Mining in the 2nd quarter worth $470,000. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

About Hycroft Mining

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.