Hycroft Mining (NASDAQ:HYMC) SVP David Brian Thomas Sells 9,000 Shares of Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP David Brian Thomas sold 9,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.15, for a total transaction of $271,350.00. Following the completion of the transaction, the senior vice president directly owned 193,374 shares of the company’s stock, valued at $5,830,226.10. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hycroft Mining Trading Down 0.4%

NASDAQ:HYMC opened at $26.33 on Tuesday. Hycroft Mining Holding Corporation has a 1-year low of $2.93 and a 1-year high of $58.73. The firm has a fifty day simple moving average of $36.33 and a 200 day simple moving average of $32.68. The stock has a market capitalization of $2.41 billion, a PE ratio of -22.13 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last released its 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).

Hedge Funds Weigh In On Hycroft Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC boosted 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 worth $25,000 after purchasing an additional 1,000 shares during the period. Bank of America Corp DE boosted its position in Hycroft Mining by 166.6% during the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock worth $25,000 after purchasing an additional 2,537 shares during the period. Contravisory Investment Management Inc. bought a new position in Hycroft Mining during the first quarter worth $34,000. Hollencrest Capital Management bought a new position in Hycroft Mining during the first quarter worth $35,000. Finally, Legacy Wealth Managment LLC ID bought a new position in Hycroft Mining during the first quarter worth $44,000. 7.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

About Hycroft Mining

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.