618,447 Hycroft Mining Holding Corporation $HYMC Shares Purchased by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Hycroft Mining stake by 693.9% in the third quarter, buying 618,447 shares and bringing its holdings to 707,574 shares, valued at about $13.5 million.
• Director Blake Rhodes bought 3,000 shares at an average price of $16.69, increasing his direct ownership by 73.75%.
• Hycroft reported quarterly EPS of -$0.28, missing analysts’ -$0.17 consensus. Analyst ratings were mixed, resulting in an average “Hold” rating and a $25 price target.

Alps Advisors Inc. grew its stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC - Free Report) by 693.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 707,574 shares of the company's stock after purchasing an additional 618,447 shares during the quarter. Alps Advisors Inc. owned approximately 0.76% of Hycroft Mining worth $13,472,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HYMC. Hollencrest Capital Management purchased a new position in Hycroft Mining in the first quarter valued at approximately $35,000. Integrated Wealth Concepts LLC bought a new position in Hycroft Mining in the 2nd quarter worth approximately $25,000. Legacy Wealth Managment LLC ID bought a new position in Hycroft Mining in the 1st quarter worth approximately $44,000. KBC Group NV bought a new position in Hycroft Mining in the 1st quarter worth approximately $51,000. Finally, FNY Investment Advisers LLC grew its stake in Hycroft Mining by 50.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the company's stock valued at $35,000 after buying an additional 500 shares in the last quarter. Institutional investors own 7.38% of the company's stock.

Insider Buying and Selling

In other news, Director Blake Rhodes acquired 3,000 shares of the firm's stock in a transaction dated Wednesday, October 28th. The shares were purchased at an average cost of $16.69 per share, for a total transaction of $50,070.00. Following the transaction, the director directly owned 7,068 shares of the company's stock, 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 SEC, which is available through this hyperlink. Insiders own 0.77% of the company's stock.

Hycroft Mining Stock Performance

Shares of HYMC stock opened at $18.77 on Friday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -18.96 and a beta of 2.89. Hycroft Mining Holding Corporation has a one year low of $7.07 and a one year high of $58.73. The company's 50-day moving average is $19.29 and its 200 day moving average is $29.54.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings data 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 predict that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. B. Riley Financial started coverage on Hycroft Mining in a research note on Monday, August 3rd. They set a "buy" rating and a $25.00 price objective on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Hycroft Mining in a research report on Friday, September 11th. Finally, Zacks Research upgraded shares of Hycroft Mining to a "hold" rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.00.

Hycroft Mining Company Profile

Hycroft Mining Holding Corporation is a precious metals exploration and development company focused on the Hycroft Mine, an open-pit gold and silver property in Humboldt County, Nevada, near Winnemucca. The company owns and operates the Hycroft project, which includes extensive mineral rights and processing infrastructure.

The Hycroft Mine has a history of commercial gold and silver production using conventional open-pit mining and heap-leach processing methods. Hycroft Mining is currently focused primarily on exploration, technical studies and evaluating potential redevelopment and processing strategies for the property rather than operating as a conventional producing mine.

The company was formed through the restructuring of Allied Nevada Gold and has continued advancing the Hycroft project as a large-scale precious metals asset in the United States.

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