Hycroft Mining (NASDAQ:HYMC) CFO Sells $497,970.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CFO Stanton Rideout sold 16,500 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.18, for a total value of $497,970.00. Following the sale, the chief financial officer owned 481,947 shares of the company’s stock, valued at approximately $14,545,160.46. The trade was a 3.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hycroft Mining Trading Down 7.5%

NASDAQ HYMC opened at $22.98 on Thursday. The stock has a 50-day simple moving average of $36.01 and a 200 day simple moving average of $32.87. The company has a market capitalization of $2.10 billion, a PE ratio of -19.31 and a beta of 2.62. Hycroft Mining Holding Corporation has a 12 month low of $2.93 and a 12 month high of $58.73.

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

Institutional Investors Weigh In On Hycroft Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its holdings in shares of Hycroft Mining by 1.1% in the fourth quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock worth $1,000,000 after acquiring an additional 475 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Hycroft Mining in the first quarter worth about $34,000. FNY Investment Advisers LLC increased its holdings in shares of Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of Hycroft Mining in the first quarter worth about $35,000. Finally, Legacy Wealth Managment LLC ID bought a new stake in shares of Hycroft Mining in the first quarter worth about $44,000. Institutional investors own 7.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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, Based on data from MarketBeat, Hycroft Mining currently has a consensus rating of “Sell”.

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.