Hycroft Mining (NASDAQ:HYMC) SVP Sells $342,051.00 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 11,300 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $30.27, for a total value of $342,051.00. Following the transaction, the senior vice president directly owned 204,494 shares in the company, valued at approximately $6,190,033.38. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, March 17th, Rebecca Jennings sold 9,071 shares of Hycroft Mining stock. The stock was sold at an average price of $39.33, for a total value of $356,762.43.

Hycroft Mining Trading Down 0.4%

HYMC stock traded down $0.10 during trading on Monday, reaching $26.33. 2,251,913 shares of the stock were exchanged, compared to its average volume of 3,671,884. The firm’s 50 day moving average is $36.42 and its 200 day moving average is $32.57. Hycroft Mining Holding Corporation has a twelve month low of $2.93 and a twelve month high of $58.73. The firm has a market cap of $2.41 billion, a P/E ratio of -22.13 and a beta of 2.62.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Hycroft Mining

Several institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC raised its stake in shares of Hycroft Mining by 1.1% in the fourth quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock worth $1,000,000 after purchasing an additional 475 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Hycroft Mining in the first quarter worth approximately $34,000. FNY Investment Advisers LLC raised its stake in shares of Hycroft Mining by 1,666.7% in the fourth 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 last quarter. Hollencrest Capital Management purchased a new stake in shares of Hycroft Mining in the first quarter worth approximately $35,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of Hycroft Mining in the first quarter worth approximately $44,000. 7.38% of the stock is 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.