Hycroft Mining (NASDAQ:HYMC) SVP Sells $34,196.16 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 1,194 shares of Hycroft Mining stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $28.64, for a total value of $34,196.16. Following the sale, the senior vice president owned 202,498 shares of the company’s stock, valued at approximately $5,799,542.72. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 12th, Rebecca Jennings sold 15,329 shares of Hycroft Mining stock. The shares were sold at an average price of $26.25, for a total value of $402,386.25.
• On Thursday, June 4th, Rebecca Jennings sold 11,300 shares of Hycroft Mining stock. The shares were sold at an average price of $30.27, for a total value of $342,051.00.

Hycroft Mining Stock Performance

Shares of Hycroft Mining stock traded down $1.27 during trading on Tuesday, hitting $26.57. 2,314,060 shares of the stock traded hands, compared to its average volume of 3,613,477. The stock has a market cap of $2.43 billion, a P/E ratio of -22.33 and a beta of 2.62. Hycroft Mining Holding Corporation has a twelve month low of $2.93 and a twelve month high of $58.73. The company has a fifty day moving average price of $35.46 and a two-hundred day moving average price of $33.22.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HYMC. Vanguard Group Inc. lifted its holdings in shares of Hycroft Mining by 150.2% during the fourth quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock worth $67,402,000 after buying an additional 1,702,288 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Hycroft Mining during the fourth quarter worth approximately $39,815,000. Schroder Investment Management Group acquired a new position in shares of Hycroft Mining during the fourth quarter worth approximately $36,366,000. Tidal Investments LLC lifted its holdings in shares of Hycroft Mining by 125.3% during the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock worth $9,711,000 after buying an additional 871,030 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Hycroft Mining by 711.9% during the third quarter. UBS Group AG now owns 945,022 shares of the company’s stock worth $5,859,000 after buying an additional 828,625 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.