Regal Partners Ltd Has $679,000 Stake in Hycroft Mining Holding Corporation $HYMC

Regal Partners Ltd lowered its stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 93.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,298 shares of the company’s stock after selling 295,379 shares during the quarter. Regal Partners Ltd’s holdings in Hycroft Mining were worth $679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Hycroft Mining by 150.2% during the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock worth $67,402,000 after purchasing an additional 1,702,288 shares in the last quarter. Franklin Resources Inc. bought a new stake in Hycroft Mining in the fourth quarter worth about $39,815,000. Tidal Investments LLC lifted its stake in Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company’s stock valued at $9,711,000 after purchasing an additional 871,030 shares during the last quarter. Schroder Investment Management Group purchased a new position in shares of Hycroft Mining during the 4th quarter valued at $36,366,000. Finally, UBS Group AG increased its stake in shares of Hycroft Mining by 5.4% in the fourth quarter. UBS Group AG now owns 996,148 shares of the company’s stock worth $23,678,000 after purchasing an additional 51,126 shares in the last quarter. Institutional investors own 7.38% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Brian Thomas sold 25,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $26.32, for a total transaction of $658,000.00. Following the completion of the sale, the senior vice president directly owned 168,374 shares in the company, valued at $4,431,603.68. This represents a 12.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Rebecca Jennings sold 1,194 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $28.64, for a total value of $34,196.16. Following the transaction, the senior vice president owned 202,498 shares in the company, valued at approximately $5,799,542.72. The trade was a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 99,873 shares of company stock worth $2,884,778. Insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HYMC. Zacks Research raised shares of Hycroft Mining to a “hold” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. B. Riley Financial initiated coverage on shares of Hycroft Mining in a research note on Friday, July 10th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.00.

Hycroft Mining Stock Performance

Shares of Hycroft Mining stock opened at $20.12 on Wednesday. Hycroft Mining Holding Corporation has a 52-week low of $3.22 and a 52-week high of $58.73. The company has a fifty day moving average of $25.22 and a 200-day moving average of $34.16. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -16.91 and a beta of 2.71.

Hycroft Mining (NASDAQ:HYMC) last issued its earnings results on Monday, July 27th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). On average, equities research analysts forecast that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current fiscal year.

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.