Hycroft Mining (NASDAQ:HYMC) Issues Earnings Results

Hycroft Mining (NASDAQ:HYMC) released its quarterly earnings results on Monday. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.11), FiscalAI reports.

Hycroft Mining Stock Down 0.3%

Shares of HYMC stock opened at $15.39 on Tuesday. Hycroft Mining has a 52 week low of $6.48 and a 52 week high of $58.73. The stock has a market capitalization of $1.43 billion, a PE ratio of -15.55 and a beta of 2.78. The firm has a 50 day moving average of $20.91 and a two-hundred day moving average of $30.25.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research raised Hycroft Mining to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Hycroft Mining in a report on Friday, September 11th. Finally, B. Riley Financial initiated coverage on Hycroft Mining in a research report on Monday, August 3rd. They issued a “buy” rating and a $25.00 target price for the company. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.00.

About Hycroft Mining

Hycroft Mining Holding Corporation is a precious metals exploration and development company focused on the Hycroft Mine, an open-pit gold and silver property in Humboldt County, Nevada, near Winnemucca. The company owns and operates the Hycroft project, which includes extensive mineral rights and processing infrastructure.

The Hycroft Mine has a history of commercial gold and silver production using conventional open-pit mining and heap-leach processing methods. Hycroft Mining is currently focused primarily on exploration, technical studies and evaluating potential redevelopment and processing strategies for the property rather than operating as a conventional producing mine.

The company was formed through the restructuring of Allied Nevada Gold and has continued advancing the Hycroft project as a large-scale precious metals asset in the United States.