Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott bought 7,690,000 shares of the business's stock in a transaction on Tuesday, October 14th. The shares were acquired at an average cost of $6.50 per share, for a total transaction of $49,985,000.00. Following the transaction, the insider directly owned 25,225,528 shares in the company, valued at approximately $163,965,932. This trade represents a 43.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Eric Sprott also recently made the following trade(s):
- On Wednesday, September 10th, Eric Sprott purchased 9,344,704 shares of Hycroft Mining stock. The stock was bought at an average cost of $4.28 per share, with a total value of $39,995,333.12.
Hycroft Mining Stock Performance
HYMC stock traded up $0.26 during trading on Thursday, reaching $8.84. 3,418,997 shares of the company traded hands, compared to its average volume of 573,098. The business has a 50 day simple moving average of $5.49 and a 200 day simple moving average of $4.08. Hycroft Mining Holding Corporation has a 12 month low of $1.99 and a 12 month high of $9.75. The company has a market capitalization of $346.20 million, a price-to-earnings ratio of -4.44 and a beta of 2.51.
Institutional Trading of Hycroft Mining
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shay Capital LLC raised its stake in shares of Hycroft Mining by 100.2% in the second quarter. Shay Capital LLC now owns 246,627 shares of the company's stock worth $772,000 after purchasing an additional 123,453 shares during the last quarter. LM Asset IM Inc. acquired a new position in Hycroft Mining in the 2nd quarter worth approximately $1,189,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hycroft Mining by 33.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 613,991 shares of the company's stock valued at $1,922,000 after acquiring an additional 154,095 shares during the period. XTX Topco Ltd acquired a new stake in Hycroft Mining during the 2nd quarter valued at approximately $101,000. Finally, Geode Capital Management LLC increased its stake in shares of Hycroft Mining by 1.4% in the second quarter. Geode Capital Management LLC now owns 227,603 shares of the company's stock worth $713,000 after acquiring an additional 3,146 shares during the period. Institutional investors and hedge funds own 7.38% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".
Check Out Our Latest Research Report on Hycroft Mining
Hycroft Mining Company Profile
(
Get Free Report)
Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hycroft Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hycroft Mining wasn't on the list.
While Hycroft Mining currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
