Tcfg Wealth Management LLC Increases Stock Holdings in Hycroft Mining Holding Corporation $HYMC

Tcfg Wealth Management LLC boosted its holdings in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 79.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,405 shares of the company’s stock after acquiring an additional 24,520 shares during the quarter. Hycroft Mining comprises 0.7% of Tcfg Wealth Management LLC’s holdings, making the stock its 28th largest holding. Tcfg Wealth Management LLC owned approximately 0.06% of Hycroft Mining worth $1,950,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FNY Investment Advisers LLC grew 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 valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. Bank of America Corp DE raised its stake in Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after buying an additional 2,537 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Hycroft Mining during the 1st quarter worth about $34,000. Harbor Investment Advisory LLC acquired a new stake in Hycroft Mining during the first quarter worth approximately $49,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Hycroft Mining in the fourth quarter valued at $52,000. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Hycroft Mining news, CFO Stanton K. Rideout sold 16,500 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.18, for a total transaction of $497,970.00. Following the completion of the transaction, the chief financial officer directly owned 481,947 shares of the company’s stock, valued at $14,545,160.46. This trade represents a 3.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Eric Sprott purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $37.84 per share, with a total value of $3,784,000.00. Following the completion of the purchase, the insider directly owned 37,403,704 shares of the company’s stock, valued at approximately $1,415,356,159.36. This represents a 0.27% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 99,873 shares of company stock worth $2,884,778 in the last quarter. Insiders own 0.77% of the company’s stock.

Hycroft Mining Stock Performance

HYMC stock opened at $23.40 on Wednesday. The stock has a market capitalization of $2.14 billion, a P/E ratio of -19.66 and a beta of 2.62. Hycroft Mining Holding Corporation has a one year low of $2.93 and a one year high of $58.73. The company has a 50 day moving average price of $32.22 and a two-hundred day moving average price of $34.21.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data 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).

Analysts Set New Price Targets

HYMC has been the subject of several recent research reports. Wall Street Zen upgraded shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hycroft Mining presently 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.