David Brian Thomas Sells 9,000 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 9,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.15, for a total value of $271,350.00. Following the completion of the sale, the senior vice president directly owned 193,374 shares in the company, valued at $5,830,226.10. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hycroft Mining Trading Down 5.6%

Hycroft Mining stock opened at $24.85 on Wednesday. The business’s fifty day simple moving average is $36.16 and its two-hundred day simple moving average is $32.78. Hycroft Mining Holding Corporation has a 12 month low of $2.93 and a 12 month high of $58.73. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -20.88 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last released its earnings results on Monday, April 27th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.45).

Analyst Ratings Changes

Separately, Wall Street Zen raised 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 data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HYMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hycroft Mining by 11.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock valued at $1,490,000 after purchasing an additional 47,385 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Hycroft Mining during the first quarter valued at $124,000. Geode Capital Management LLC lifted its holdings in shares of Hycroft Mining by 1.4% during the second quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock valued at $713,000 after purchasing an additional 3,146 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Hycroft Mining during the second quarter valued at $101,000. Finally, Shay Capital LLC lifted its holdings in shares of Hycroft Mining by 100.2% during the second quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock valued at $772,000 after purchasing an additional 123,453 shares in the last quarter. 7.38% of the stock is owned by institutional investors.

Hycroft Mining Company Profile

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.