Hycroft Mining Holding Corporation $HYMC Stock Sold by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC reduced its stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC) by 31.0% during the third quarter, HoldingsChannel reports. The firm owned 143,700 shares of the company’s stock after selling 64,670 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Hycroft Mining were worth $2,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HYMC. California State Teachers Retirement System acquired a new stake in Hycroft Mining in the first quarter valued at approximately $1,958,000. 180 Wealth Advisors LLC increased its holdings in shares of Hycroft Mining by 186.6% during the second quarter. 180 Wealth Advisors LLC now owns 94,760 shares of the company’s stock worth $2,217,000 after buying an additional 61,699 shares in the last quarter. Ninepoint Partners LP acquired a new position in shares of Hycroft Mining during the second quarter worth $14,705,000. Swiss National Bank acquired a new position in shares of Hycroft Mining during the first quarter worth $3,362,000. Finally, Amundi bought a new position in shares of Hycroft Mining in the 1st quarter valued at $14,471,000. 7.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research raised Hycroft Mining to a “hold” rating in a report on Monday, July 13th. B. Riley Financial initiated coverage on Hycroft Mining in a report on Monday, August 3rd. They issued a “buy” rating and a $25.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a report on Friday, September 11th. One equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $21.27 on Tuesday. The company has a 50 day simple moving average of $19.24 and a 200 day simple moving average of $29.45. The firm has a market cap of $1.98 billion, a PE ratio of -21.48 and a beta of 2.89. Hycroft Mining Holding Corporation has a 1 year low of $7.69 and a 1 year high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last posted its earnings results on Tuesday, October 27th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11). As a group, research analysts anticipate that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current fiscal year.

Insider Activity

In other Hycroft Mining news, Director Blake Rhodes purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The shares were bought at an average price of $16.69 per share, for a total transaction of $50,070.00. Following the completion of the acquisition, the director owned 7,068 shares in the company, valued at approximately $117,964.92. This trade represents a 73.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.77% of the company’s stock.

Hycroft Mining Company Profile

Hycroft Mining Holding Corporation is a U.S.-based precious metals company focused on exploring and developing the Hycroft Mine, a large open-pit gold and silver project near Winnemucca in northern Nevada. The company’s activities include mineral exploration, mine planning and technical studies aimed at evaluating the property’s deposits.

The Hycroft property contains both oxide and sulfide mineralization. Hycroft has focused on assessing the sulfide resources and potential processing approaches, while continuing exploration across the mine site.

The company’s operations and development activities are centered in Nevada.