74,658 Hycroft Mining Holding Corporation $HYMC Shares Purchased by 180 Wealth Advisors LLC

Key Points

• 180 Wealth Advisors increased its Hycroft Mining stake by 78.8%, adding 74,658 shares in the third quarter to hold 169,418 shares, valued at about $3.23 million.
• Analyst views are mixed, with one Buy, one Hold, and one Sell rating; the consensus is Hold with a $25 price target.
• Hycroft reported a quarterly loss of $0.28 per share, missing analysts’ $0.17 loss estimate. A company director separately bought 3,000 shares at $16.69 each.

180 Wealth Advisors LLC lifted its position in Hycroft Mining Holding Corporation (NASDAQ:HYMC - Free Report) by 78.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,418 shares of the company's stock after acquiring an additional 74,658 shares during the quarter. 180 Wealth Advisors LLC owned approximately 0.18% of Hycroft Mining worth $3,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC grew its holdings in shares of Hycroft Mining by 50.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the company's stock valued at $35,000 after acquiring an additional 500 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Hycroft Mining during the 1st quarter worth approximately $35,000. Farther Finance Advisors LLC grew its holdings in Hycroft Mining by 110.6% during the third quarter. Farther Finance Advisors LLC now owns 1,950 shares of the company's stock valued at $37,000 after purchasing an additional 1,024 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Hycroft Mining in the second quarter worth $25,000. Finally, Arizona State Retirement System increased its position in Hycroft Mining by 9.0% in the second quarter. Arizona State Retirement System now owns 14,446 shares of the company's stock worth $338,000 after buying an additional 1,198 shares during the last quarter. Hedge funds and other institutional investors own 7.38% of the company's stock.

Analyst Ratings Changes

HYMC has been the topic of several research reports. B. Riley Financial started coverage on Hycroft Mining in a research note on Monday, August 3rd. They issued a "buy" rating and a $25.00 target price on the stock. Zacks Research raised shares of Hycroft Mining to a "hold" rating in a research report on Monday, July 13th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Hycroft Mining in a research note on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Hycroft Mining has a consensus rating of "Hold" and a consensus price target of $25.00.

Hycroft Mining Stock Performance

NASDAQ:HYMC opened at $18.77 on Friday. Hycroft Mining Holding Corporation has a 52-week low of $7.07 and a 52-week high of $58.73. The stock has a fifty day moving average of $19.29 and a 200 day moving average of $29.54. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -18.96 and a beta of 2.89.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last announced 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). Equities analysts forecast that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Blake Rhodes purchased 3,000 shares of the business's stock in a transaction on Wednesday, October 28th. The stock was acquired at an average price of $16.69 per share, with a total value of $50,070.00. Following the purchase, the director directly owned 7,068 shares in the company, valued at approximately $117,964.92. This represents a 73.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by corporate insiders.

Hycroft Mining 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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