Stanton Rideout Sells 16,500 Shares of Hycroft Mining (NASDAQ:HYMC) Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) CFO Stanton Rideout sold 16,500 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.18, for a total value of $497,970.00. Following the sale, the chief financial officer owned 481,947 shares in the company, valued at approximately $14,545,160.46. This trade represents a 3.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Hycroft Mining Stock Down 5.6%

HYMC stock opened at $24.85 on Wednesday. Hycroft Mining Holding Corporation has a 52-week low of $2.93 and a 52-week high of $58.73. The stock’s fifty day simple moving average is $36.16 and its 200-day simple moving average is $32.78. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -20.88 and a beta of 2.62.

Hycroft Mining (NASDAQ:HYMC) last issued 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).

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HYMC. FNY Investment Advisers LLC raised its position in Hycroft Mining by 1,666.7% in 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 during the period. Bank of America Corp DE raised its position in Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after purchasing an additional 2,537 shares during the period. Contravisory Investment Management Inc. purchased a new position in Hycroft Mining in the first quarter valued at about $34,000. Hollencrest Capital Management purchased a new position in Hycroft Mining in the first quarter valued at about $35,000. Finally, Legacy Wealth Managment LLC ID purchased a new position in Hycroft Mining in the first quarter valued at about $44,000. 7.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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