Lincoln Capital Corp Acquires Shares of 40,060 Hycroft Mining Holding Corporation $HYMC

Key Points

• Lincoln Capital Corp established a new stake in Hycroft Mining (NASDAQ:HYMC) in Q4, buying 40,060 shares valued at about $952,000.
• Eric Sprott purchased 200,000 shares at $38.67 (~$7.73M) and now holds 37.3M shares; insiders bought a total of 950,000 shares (~$39.6M) in the past three months and own 1.31% of the company.
• Analyst sentiment is negative—Weiss Ratings reaffirmed a “Sell (D-)” and MarketBeat shows a consensus "Sell"—while the stock trades near $37.50 with a market cap of $3.41B and a one-year range of $2.71–$58.73.

Lincoln Capital Corp purchased a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,060 shares of the company's stock, valued at approximately $952,000.

Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC lifted its position in shares of Hycroft Mining by 1,666.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company's stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Hycroft Mining by 166.6% during the 3rd quarter. Bank of America Corp DE now owns 4,060 shares of the company's stock valued at $25,000 after buying an additional 2,537 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of Hycroft Mining during the 3rd quarter valued at $96,000. Virtu Financial LLC lifted its position in shares of Hycroft Mining by 20.3% during the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company's stock valued at $99,000 after buying an additional 2,700 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Hycroft Mining during the 2nd quarter valued at $101,000. Hedge funds and other institutional investors own 7.38% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of "Sell".

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $37.50 on Friday. Hycroft Mining Holding Corporation has a one year low of $2.71 and a one year high of $58.73. The business's fifty day moving average price is $38.68 and its 200-day moving average price is $24.49. The stock has a market capitalization of $3.41 billion, a PE ratio of -23.15 and a beta of 2.91.

Insider Transactions at Hycroft Mining

In related news, major shareholder Eric Sprott acquired 200,000 shares of the company's stock in a transaction that occurred on Thursday, April 9th. The shares were acquired at an average price of $38.67 per share, with a total value of $7,734,000.00. Following the acquisition, the insider owned 37,303,704 shares of the company's stock, valued at approximately $1,442,534,233.68. This trade represents a 0.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Rebecca Jennings sold 9,071 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $39.33, for a total value of $356,762.43. Following the sale, the senior vice president directly owned 215,794 shares in the company, valued at $8,487,178.02. This trade represents a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have purchased a total of 950,000 shares of company stock worth $39,635,500 in the last three months. 1.31% of the stock is currently owned by insiders.

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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