Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Purchases 25,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott bought 25,000 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was acquired at an average cost of $27.05 per share, with a total value of $676,250.00. Following the transaction, the insider owned 31,581,352 shares in the company, valued at $854,275,571.60. The trade was a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Thursday, January 8th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $26.08 per share, with a total value of $2,608,000.00.
• On Monday, December 29th, Eric Sprott acquired 400,000 shares of Hycroft Mining stock. The shares were bought at an average price of $22.70 per share, for a total transaction of $9,080,000.00.
• On Friday, December 26th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was bought at an average price of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott bought 100,000 shares of Hycroft Mining stock. The shares were bought at an average price of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $16.31 per share, for a total transaction of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott purchased 220,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $14.60 per share, for a total transaction of $3,212,000.00.
• On Monday, December 15th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $13.02 per share, with a total value of $2,604,000.00.
• On Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $13.30 per share, with a total value 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 cost of $12.36 per share, for a total transaction 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 price of $11.64 per share, with a total value of $698,400.00.

Hycroft Mining Stock Performance

Shares of NASDAQ HYMC traded up $0.95 during midday trading on Friday, hitting $27.13. 2,503,929 shares of the company’s stock traded hands, compared to its average volume of 4,039,842. The company has a debt-to-equity ratio of 2.83, a quick ratio of 18.87 and a current ratio of 19.04. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -16.75 and a beta of 2.64. The firm has a fifty day moving average of $14.83 and a 200 day moving average of $8.45. Hycroft Mining Holding Corporation has a 1 year low of $2.00 and a 1 year high of $30.33.

Hycroft Mining (NASDAQ:HYMC) last announced its earnings results on Tuesday, October 28th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HYMC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Wednesday, October 8th. Wall Street Zen upgraded Hycroft Mining from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Hycroft Mining currently has an average rating of “Sell”.

Institutional Trading of Hycroft Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake 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 purchasing an additional 2,537 shares during the period. SG Americas Securities LLC purchased a new position in shares of Hycroft Mining in the fourth quarter worth $320,000. Occudo Quantitative Strategies LP bought a new position in shares of Hycroft Mining during the third quarter worth $96,000. Virtu Financial LLC grew its stake in Hycroft Mining by 20.3% during the third 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 in the last quarter. Finally, XTX Topco Ltd bought a new stake in Hycroft Mining in the 2nd quarter valued at $101,000. Institutional investors own 7.38% of the company’s stock.

About Hycroft Mining

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.