Vanguard Group Inc. Boosts Stake in Hycroft Mining Holding Corporation $HYMC

Vanguard Group Inc. increased its stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 150.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,835,578 shares of the company’s stock after purchasing an additional 1,702,288 shares during the period. Vanguard Group Inc. owned approximately 3.42% of Hycroft Mining worth $67,402,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lincoln Capital Corp purchased a new stake in Hycroft Mining during the 4th quarter worth approximately $952,000. Centiva Capital LP purchased a new stake in Hycroft Mining during the 3rd quarter worth approximately $284,000. Sprott Inc. increased its stake in Hycroft Mining by 11.7% during the 3rd quarter. Sprott Inc. now owns 816,253 shares of the company’s stock worth $5,061,000 after buying an additional 85,490 shares during the period. Quantbot Technologies LP purchased a new stake in Hycroft Mining during the 3rd quarter worth approximately $281,000. Finally, SG Americas Securities LLC purchased a new stake in Hycroft Mining during the 4th quarter worth approximately $320,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Eric Sprott acquired 100,000 shares of the company’s stock in a transaction on Friday, April 24th. The shares were bought at an average cost of $37.84 per share, with a total value of $3,784,000.00. Following the transaction, the insider owned 37,403,704 shares in the company, valued at approximately $1,415,356,159.36. This trade represents a 0.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rebecca Jennings sold 9,071 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $39.33, for a total transaction of $356,762.43. Following the completion of the sale, the senior vice president directly owned 215,794 shares in the company, valued at approximately $8,487,178.02. This represents a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 550,000 shares of company stock worth $22,583,500. Insiders own 0.77% of the company’s stock.

Hycroft Mining Trading Down 9.8%

Shares of NASDAQ:HYMC opened at $39.36 on Friday. Hycroft Mining Holding Corporation has a 52 week low of $2.71 and a 52 week high of $58.73. The company’s 50 day moving average is $38.18 and its two-hundred day moving average is $29.80. The company has a market cap of $3.60 billion, a PE ratio of -33.08 and a beta of 2.72.

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

Wall Street Analyst Weigh In

HYMC has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Hycroft Mining from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Hycroft Mining 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.