Hycroft Mining (NASDAQ:HYMC) SVP Sells 25,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 25,000 shares of Hycroft Mining stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $26.32, for a total value of $658,000.00. Following the completion of the sale, the senior vice president owned 168,374 shares in the company, valued at approximately $4,431,603.68. This represents a 12.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

David Brian Thomas also recently made the following trade(s):

• On Thursday, June 4th, David Brian Thomas sold 9,000 shares of Hycroft Mining stock. The shares were sold at an average price of $30.15, for a total value of $271,350.00.

Hycroft Mining Stock Performance

HYMC stock traded up $0.42 on Thursday, reaching $25.99. The company’s stock had a trading volume of 3,307,344 shares, compared to its average volume of 3,601,524. The business has a fifty day simple moving average of $35.07 and a two-hundred day simple moving average of $33.44. Hycroft Mining Holding Corporation has a 12-month low of $2.93 and a 12-month high of $58.73. The firm has a market cap of $2.37 billion, a PE ratio of -21.84 and a beta of 2.62.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on HYMC. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday. Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Hycroft Mining

Hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new position in shares of Hycroft Mining in the 1st quarter worth about $34,000. Hollencrest Capital Management bought a new stake in Hycroft Mining during the first quarter worth about $35,000. FNY Investment Advisers LLC boosted its stake in Hycroft Mining by 1,666.7% during 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. Legacy Wealth Managment LLC ID purchased a new stake in Hycroft Mining in the first quarter worth about $44,000. Finally, Harbor Investment Advisory LLC purchased a new stake in Hycroft Mining in the first quarter worth about $49,000. Institutional investors own 7.38% of the company’s stock.

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.