Hycroft Mining (NASDAQ:HYMC) Major Shareholder Eric Sprott Acquires 150,000 Shares

Key Points

• Eric Sprott bought 150,000 shares of Hycroft Mining on Dec. 19 at an average price of $16.31, bringing his direct ownership to 30,756,352 shares valued at about $501.6 million (a 0.49% increase), according to an SEC filing.
• The Dec. 19 purchase is part of a larger, aggressive accumulation by Sprott in recent months — including 7.69 million shares at $6.50 and 2.34 million shares at $10.30 among other buys — signaling substantial insider buying momentum.
• Hycroft shares recently traded up to $27.14 on heavy volume (15.76 million shares vs. an average of ~926,529), giving the company a market cap of roughly $2.20 billion and a 52‑week range of $1.99–$29.80.

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) major shareholder Eric Sprott bought 150,000 shares of the company's stock in a transaction that occurred on Friday, December 19th. The shares were bought at an average cost of $16.31 per share, for a total transaction of $2,446,500.00. Following the transaction, the insider directly owned 30,756,352 shares of the company's stock, valued at $501,636,101.12. This trade represents a 0.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Eric Sprott also recently made the following trade(s):

• On Wednesday, December 17th, Eric Sprott purchased 220,000 shares of Hycroft Mining stock. The stock was bought at an average cost of $14.60 per share, with a total value of $3,212,000.00.
• On Monday, December 15th, Eric Sprott acquired 200,000 shares of Hycroft Mining stock. The shares were bought at an average price of $13.02 per share, for a total transaction of $2,604,000.00.
• On Friday, December 12th, Eric Sprott acquired 40,000 shares of Hycroft Mining stock. The shares were bought at an average cost of $13.30 per share, with a total value of $532,000.00.
• On Thursday, December 11th, Eric Sprott bought 120,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $12.36 per share, for a total transaction of $1,483,200.00.
• On Wednesday, December 10th, Eric Sprott purchased 60,000 shares of Hycroft Mining stock. The shares were purchased at an average price of $11.64 per share, for a total transaction of $698,400.00.
• On Tuesday, December 9th, Eric Sprott purchased 300,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $11.74 per share, with a total value of $3,522,000.00.
• On Wednesday, December 3rd, Eric Sprott acquired 2,340,824 shares of Hycroft Mining stock. The stock was purchased at an average price of $10.30 per share, with a total value of $24,110,487.20.
• On Thursday, November 13th, Eric Sprott acquired 500,000 shares of Hycroft Mining stock. The shares were purchased at an average cost of $9.41 per share, for a total transaction of $4,705,000.00.
• On Tuesday, November 11th, Eric Sprott bought 500,000 shares of Hycroft Mining stock. The stock was purchased at an average price of $8.07 per share, with a total value of $4,035,000.00.
• On Tuesday, October 14th, Eric Sprott bought 7,690,000 shares of Hycroft Mining stock. The stock was purchased at an average cost of $6.50 per share, with a total value of $49,985,000.00.

Hycroft Mining Stock Performance

HYMC traded up $2.62 during trading on Tuesday, reaching $27.14. 15,757,007 shares of the company's stock were exchanged, compared to its average volume of 926,529. The company has a market capitalization of $2.20 billion, a P/E ratio of -16.75 and a beta of 2.71. The company has a quick ratio of 18.87, a current ratio of 19.04 and a debt-to-equity ratio of 2.83. The business has a 50 day moving average price of $10.19 and a 200 day moving average price of $6.49. Hycroft Mining Holding Corporation has a fifty-two week low of $1.99 and a fifty-two week high of $29.80.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.02.

Institutional Trading of Hycroft Mining

Several large investors have recently made changes to their positions in HYMC. Bank of America Corp DE raised its holdings in shares of Hycroft Mining by 166.6% in the third 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 bought a new stake in Hycroft Mining during the 3rd quarter worth about $96,000. Virtu Financial LLC increased its position in Hycroft Mining by 20.3% in the 3rd quarter. Virtu Financial LLC now owns 16,023 shares of the company's stock valued at $99,000 after acquiring an additional 2,700 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Hycroft Mining in the second quarter worth about $101,000. Finally, Jane Street Group LLC bought a new position in shares of Hycroft Mining in the first quarter worth about $124,000. Institutional investors own 7.38% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hycroft Mining in a research note on Wednesday, October 8th. Wall Street Zen upgraded Hycroft Mining from a "sell" rating to a "hold" rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Hycroft Mining presently has an average rating of "Sell".

About Hycroft Mining

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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