Hycroft Mining (NASDAQ:HYMC) Stock: Insider Rebecca Jennings Sells 9,605 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 9,605 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $21.46, for a total transaction of $206,123.30. Following the completion of the sale, the senior vice president directly owned 196,924 shares in the company, valued at approximately $4,225,989.04. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hycroft Mining Stock Performance

Shares of HYMC opened at $18.70 on Thursday. The business’s 50-day moving average is $19.09 and its two-hundred day moving average is $29.15. The company has a market capitalization of $1.74 billion, a P/E ratio of -17.81 and a beta of 2.89. Hycroft Mining Holding Corporation has a fifty-two week low of $8.16 and a fifty-two week high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last issued its quarterly earnings data on Tuesday, October 27th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.11). Analysts forecast that Hycroft Mining Holding Corporation will post -0.90 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HYMC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a report on Friday, September 11th. B. Riley Financial started coverage on shares of Hycroft Mining in a research note on Monday, August 3rd. They set a “buy” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hycroft Mining has a consensus rating of “Hold” and an average target price of $25.00.

Institutional Investors Weigh In On Hycroft Mining

Several hedge funds have recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in shares of Hycroft Mining during the 1st quarter valued at about $35,000. Integrated Wealth Concepts LLC purchased a new position in shares of Hycroft Mining in the 2nd quarter valued at about $25,000. Legacy Wealth Managment LLC ID purchased a new position in shares of Hycroft Mining in the 1st quarter valued at about $44,000. KBC Group NV acquired a new position in Hycroft Mining in the 1st quarter worth about $51,000. Finally, FNY Investment Advisers LLC raised its holdings in Hycroft Mining by 50.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the company’s stock worth $35,000 after purchasing an additional 500 shares during the period. 7.38% of the stock is owned by hedge funds and other institutional investors.

About Hycroft Mining

Hycroft Mining Holding Corporation is a U.S.-based precious metals company focused on exploring and developing the Hycroft Mine, a large open-pit gold and silver project near Winnemucca in northern Nevada. The company’s activities include mineral exploration, mine planning and technical studies aimed at evaluating the property’s deposits. The Hycroft property contains both oxide and sulfide mineralization. Hycroft has focused on assessing the sulfide resources and potential processing approaches, while continuing exploration across the mine site.