Janus Henderson Group PLC Purchases Shares of 22,100 Hycroft Mining Holding Corporation $HYMC

Janus Henderson Group PLC purchased a new position in Hycroft Mining Holding Corporation (NASDAQ:HYMC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,100 shares of the company’s stock, valued at approximately $778,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake 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 valued at $25,000 after buying an additional 2,537 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of Hycroft Mining in the 1st quarter valued at about $34,000. Hollencrest Capital Management purchased a new stake in shares of Hycroft Mining in the 1st quarter valued at about $35,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Hycroft Mining in the 1st quarter valued at about $44,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Hycroft Mining during the 1st quarter valued at about $49,000. Institutional investors own 7.38% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Diane R. Garrett sold 21,550 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $31.50, for a total transaction of $678,825.00. Following the completion of the transaction, the chief executive officer owned 928,352 shares in the company, valued at $29,243,088. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rebecca Jennings sold 15,329 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $26.25, for a total value of $402,386.25. Following the completion of the sale, the senior vice president directly owned 202,498 shares of the company’s stock, valued at $5,315,572.50. The trade was a 7.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 99,873 shares of company stock valued at $2,884,778 over the last three months. 0.77% of the stock is currently owned by corporate insiders.

Hycroft Mining Price Performance

NASDAQ HYMC opened at $27.29 on Tuesday. Hycroft Mining Holding Corporation has a 1 year low of $3.34 and a 1 year high of $58.73. The stock has a market capitalization of $2.54 billion, a PE ratio of -27.57 and a beta of 2.78. The business’s 50-day moving average is $23.37 and its 200 day moving average is $33.48.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). As a group, equities research analysts anticipate that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on HYMC. Zacks Research raised Hycroft Mining to a “hold” rating in a report on Monday, July 13th. B. Riley Financial began coverage on shares of Hycroft Mining in a research note on Monday, August 3rd. They issued a “buy” rating and a $25.00 target price on the stock. 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hycroft Mining currently has a consensus rating of “Hold” and an average target price of $25.00.

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.