Bank of America Corp DE Raises Stock Holdings in Hycroft Mining Holding Corporation $HYMC

Bank of America Corp DE increased its stake in Hycroft Mining Holding Corporation (NASDAQ:HYMC - Free Report) by 6,228.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,999 shares of the company's stock after purchasing an additional 99,403 shares during the period. Bank of America Corp DE owned approximately 0.11% of Hycroft Mining worth $3,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HYMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hycroft Mining by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company's stock worth $1,490,000 after buying an additional 47,385 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Hycroft Mining during the 1st quarter worth $124,000. Geode Capital Management LLC lifted its holdings in shares of Hycroft Mining by 1.4% during the 2nd 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 last quarter. XTX Topco Ltd bought a new stake in shares of Hycroft Mining during the 2nd quarter worth $101,000. Finally, Shay Capital LLC grew its position in 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 acquiring an additional 123,453 shares in the last quarter. 7.38% of the stock is owned by hedge funds and other institutional investors.

Hycroft Mining Trading Down 8.2%

Shares of NASDAQ HYMC opened at $23.83 on Friday. The firm has a fifty day simple moving average of $23.12 and a two-hundred day simple moving average of $31.89. Hycroft Mining Holding Corporation has a 12 month low of $4.20 and a 12 month high of $58.73. The firm has a market capitalization of $2.22 billion, a PE ratio of -24.07 and a beta of 2.78.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last announced its earnings results on Monday, July 27th. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.08). On average, sell-side analysts predict that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current year.

Analyst Ratings Changes

HYMC has been the topic of a number of research reports. Wall Street Zen raised Hycroft Mining from a "strong sell" rating to a "sell" rating in a report on Saturday, May 30th. Weiss Ratings restated a "sell (d-)" rating on shares of Hycroft Mining in a report on Tuesday, June 16th. Zacks Research upgraded shares of Hycroft Mining to a "hold" rating in a report on Monday, July 13th. Finally, B. Riley Financial assumed coverage on shares of Hycroft Mining in a report on Monday, August 3rd. They set a "buy" rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Hycroft Mining currently has a consensus rating of "Hold" and a consensus target price of $25.00.

Insider Transactions at Hycroft Mining

In other news, SVP Rebecca Jennings sold 1,194 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $28.64, for a total value of $34,196.16. Following the completion of the transaction, the senior vice president owned 202,498 shares in the company, valued at $5,799,542.72. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Diane R. Garrett sold 21,550 shares of Hycroft Mining stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $31.50, for a total value of $678,825.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 99,873 shares of company stock valued at $2,884,778. Insiders own 0.77% of the company's stock.

Hycroft Mining Company Profile

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.

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