Hycroft Mining (NASDAQ:HYMC) SVP Sells $342,051.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 11,300 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.27, for a total transaction of $342,051.00. Following the completion of the sale, the senior vice president owned 204,494 shares of the company’s stock, valued at approximately $6,190,033.38. This represents a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rebecca Jennings also recently made the following trade(s):

• On Tuesday, March 17th, Rebecca Jennings sold 9,071 shares of Hycroft Mining stock. The stock was sold at an average price of $39.33, for a total transaction of $356,762.43.

Hycroft Mining Trading Down 7.5%

Shares of NASDAQ HYMC opened at $22.98 on Thursday. The firm has a market cap of $2.10 billion, a PE ratio of -19.31 and a beta of 2.62. Hycroft Mining Holding Corporation has a 1-year low of $2.93 and a 1-year high of $58.73. The company has a fifty day moving average price of $36.01 and a 200 day moving average price of $32.87.

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

Hedge Funds Weigh In On Hycroft Mining

A number of large investors have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new position in shares of Hycroft Mining during the 1st quarter worth about $1,055,000. Bank of America Corp DE boosted its stake in shares of Hycroft Mining by 6,228.3% during the 1st quarter. Bank of America Corp DE now owns 100,999 shares of the company’s stock worth $3,555,000 after buying an additional 99,403 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Hycroft Mining during the 1st quarter worth about $778,000. Centaurus Financial Inc. boosted its stake in shares of Hycroft Mining by 734.1% during the 1st quarter. Centaurus Financial Inc. now owns 56,877 shares of the company’s stock worth $2,002,000 after buying an additional 50,058 shares during the last quarter. Finally, Amundi acquired a new position in shares of Hycroft Mining during the 1st quarter worth about $14,471,000. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average 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.