Diane Garrett Sells 21,550 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CEO Diane Garrett sold 21,550 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $31.50, for a total transaction of $678,825.00. Following the completion of the transaction, the chief executive officer directly owned 928,352 shares of the company’s stock, valued at approximately $29,243,088. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hycroft Mining Stock Performance

Shares of HYMC stock opened at $24.85 on Wednesday. Hycroft Mining Holding Corporation has a one year low of $2.93 and a one year high of $58.73. The company’s 50-day simple moving average is $36.16 and its 200-day simple moving average is $32.78. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -20.88 and a beta of 2.62.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC boosted its holdings in Hycroft Mining by 1.1% during the fourth quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock worth $1,000,000 after buying an additional 475 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in Hycroft Mining in the 1st quarter worth approximately $34,000. FNY Investment Advisers LLC boosted its stake in Hycroft Mining by 1,666.7% in the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Hollencrest Capital Management acquired a new position in Hycroft Mining in the 1st quarter worth approximately $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in Hycroft Mining in the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 7.38% of the company’s stock.

Analyst Ratings Changes

Separately, 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. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus 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.