Rebecca Jennings Sells 15,329 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 15,329 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $26.25, for a total value of $402,386.25. Following the completion of the sale, the senior vice president directly owned 202,498 shares of the company’s stock, valued at $5,315,572.50. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 15th, Rebecca Jennings sold 1,194 shares of Hycroft Mining stock. The shares were sold at an average price of $28.64, for a total value of $34,196.16.
• 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 Price Performance

NASDAQ:HYMC opened at $25.57 on Thursday. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of -21.49 and a beta of 2.62. Hycroft Mining Holding Corporation has a 1 year low of $2.93 and a 1 year high of $58.73. The business has a 50 day simple moving average of $35.07 and a 200-day simple moving average of $33.44.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly 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).

Wall Street Analysts Forecast Growth

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, According to data from MarketBeat, Hycroft Mining has a consensus rating of “Sell”.

Institutional Investors Weigh In On Hycroft Mining

Several hedge funds and other institutional investors have recently modified their holdings of HYMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hycroft Mining by 11.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock worth $1,490,000 after buying an additional 47,385 shares during the period. Jane Street Group LLC purchased a new position in Hycroft Mining during the 1st quarter worth $124,000. Geode Capital Management LLC increased its holdings in Hycroft Mining by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock worth $713,000 after purchasing an additional 3,146 shares during the period. XTX Topco Ltd purchased a new position in Hycroft Mining during the 2nd quarter worth $101,000. Finally, Shay Capital LLC increased its holdings in Hycroft Mining by 100.2% during the 2nd quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock worth $772,000 after purchasing an additional 123,453 shares during the period. 7.38% of the stock is currently owned by hedge funds and other institutional investors.

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.