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

Key Points

• Hohimer Wealth Management cut its Hycroft Mining stake by 31% in the third quarter, selling 64,670 shares and retaining 143,700 shares valued at about $2.74 million.
• Other institutional investors made mixed moves: Alps Advisors and Sterling Capital sharply increased holdings, while 180 Wealth Advisors added shares. Institutions collectively owned 7.38% of Hycroft.
• Hycroft reported a quarterly loss of $0.28 per share, missing analyst expectations of a $0.17 loss. Analyst opinions were split, with one Buy, one Hold, and one Sell rating.

Hohimer Wealth Management LLC decreased its position in Hycroft Mining Holding Corporation (NASDAQ:HYMC - Free Report) by 31.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,700 shares of the company's stock after selling 64,670 shares during the quarter. Hohimer Wealth Management LLC owned about 0.15% of Hycroft Mining worth $2,736,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. 180 Wealth Advisors LLC lifted its holdings in shares of Hycroft Mining by 78.8% during the third quarter. 180 Wealth Advisors LLC now owns 169,418 shares of the company's stock worth $3,226,000 after buying an additional 74,658 shares in the last quarter. StoneX Group Inc. bought a new position in Hycroft Mining during the third quarter worth about $216,000. Alps Advisors Inc. increased its position in Hycroft Mining by 693.9% during the third quarter. Alps Advisors Inc. now owns 707,574 shares of the company's stock worth $13,472,000 after acquiring an additional 618,447 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Hycroft Mining during the third quarter worth about $257,000. Finally, Sterling Capital Management LLC raised its stake in Hycroft Mining by 838.0% in the 3rd quarter. Sterling Capital Management LLC now owns 1,801 shares of the company's stock worth $34,000 after purchasing an additional 1,609 shares in the last quarter. Institutional investors own 7.38% of the company's stock.

Hycroft Mining Stock Performance

NASDAQ:HYMC opened at $21.27 on Tuesday. The stock has a fifty day moving average price of $19.24 and a 200-day moving average price of $29.45. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -21.48 and a beta of 2.89. Hycroft Mining Holding Corporation has a fifty-two week low of $7.69 and a fifty-two week high of $58.73.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.11). Research analysts predict that Hycroft Mining Holding Corporation will post -0.90 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Blake Rhodes bought 3,000 shares of the company's stock in a transaction dated Wednesday, October 28th. The stock was bought at an average cost of $16.69 per share, for a total transaction of $50,070.00. Following the transaction, the director owned 7,068 shares of the company's stock, valued at $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 hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Hycroft Mining in a report on Friday, September 11th. Zacks Research upgraded shares of Hycroft Mining to a "hold" rating in a research report on Monday, July 13th. Finally, B. Riley Financial began 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 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 company's stock. According to data from MarketBeat, Hycroft Mining presently has an average rating of "Hold" and a consensus target price of $25.00.

About Hycroft Mining

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.

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