Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Purchases 200,000 Shares

Hycroft Mining Holding Corporation (NASDAQ:HYMC) major shareholder Eric Sprott purchased 200,000 shares of Hycroft Mining stock in a transaction on Thursday, January 29th. The shares were acquired at an average price of $45.99 per share, with a total value of $9,198,000.00. Following the transaction, the insider directly owned 36,753,704 shares in the company, valued at $1,690,302,846.96. This trade represents a 0.55% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Monday, January 26th, Eric Sprott acquired 100,000 shares of Hycroft Mining stock. The shares were bought at an average price of $49.96 per share, for a total transaction of $4,996,000.00.
• On Wednesday, January 14th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The stock was bought at an average price of $33.21 per share, with a total value of $6,642,000.00.
• On Friday, January 9th, Eric Sprott purchased 25,000 shares of Hycroft Mining stock. The shares were bought at an average price of $27.05 per share, for a total transaction of $676,250.00.
• On Thursday, January 8th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $26.08 per share, with a total value of $2,608,000.00.
• On Monday, December 29th, Eric Sprott acquired 400,000 shares of Hycroft Mining stock. The stock was bought at an average price of $22.70 per share, with a total value of $9,080,000.00.
• On Friday, December 26th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $24.93 per share, for a total transaction of $4,986,000.00.
• On Wednesday, December 24th, Eric Sprott purchased 100,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $24.79 per share, with a total value of $2,479,000.00.
• On Friday, December 19th, Eric Sprott purchased 150,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $16.31 per share, for a total transaction of $2,446,500.00.
• On Wednesday, December 17th, Eric Sprott acquired 220,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $14.60 per share, with a total value of $3,212,000.00.
• On Monday, December 15th, Eric Sprott bought 200,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $13.02 per share, with a total value of $2,604,000.00.

Hycroft Mining Price Performance

Shares of Hycroft Mining stock opened at $37.35 on Friday. Hycroft Mining Holding Corporation has a 52 week low of $2.22 and a 52 week high of $58.73. The company has a current ratio of 19.04, a quick ratio of 18.87 and a debt-to-equity ratio of 2.83. The company’s 50-day moving average price is $25.04 and its two-hundred day moving average price is $12.60. The stock has a market cap of $3.10 billion, a PE ratio of -23.06 and a beta of 2.64.

Hycroft Mining (NASDAQ:HYMC) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.02.

Institutional Trading of Hycroft Mining

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC grew its position in Hycroft Mining by 1,666.7% during the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after acquiring an additional 2,537 shares during the last quarter. Mountain Capital Investment Advisors Inc. purchased a new stake in shares of Hycroft Mining during the fourth quarter worth $156,000. U S Global Investors Inc. acquired a new stake in Hycroft Mining during the fourth quarter valued at $238,000. Finally, SG Americas Securities LLC purchased a new position in Hycroft Mining in the fourth quarter valued at about $320,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HYMC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Hycroft Mining from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average 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.