Hycroft Mining (NASDAQ:HYMC) Trading Down 13.9% - What's Next?

Key Points

• Hycroft shares tumbled about 13.9% intraday to roughly $31 (low $30.51) from a $36.24 close, trading 2.18M shares—about 55% below its average session volume.
• Analyst sentiment is negative: Weiss Ratings reiterated a "sell (D-)" and the stock's consensus rating on MarketBeat is "Sell."
• Trading activity shows mixed insider and institutional moves: two senior VPs recently sold stock while filings also report insiders acquired 1,725,000 shares in the last 90 days, and firms like Vanguard materially increased positions (institutions now own ~7.38%).

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) fell 13.9% during mid-day trading on Thursday . The stock traded as low as $30.51 and last traded at $31.19. 2,181,846 shares were traded during mid-day trading, a decline of 55% from the average session volume of 4,867,638 shares. The stock had previously closed at $36.24.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Hycroft Mining in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".

Hycroft Mining Trading Down 14.7%

The business's 50-day simple moving average is $40.53 and its two-hundred day simple moving average is $21.23. The company has a market capitalization of $2.82 billion, a PE ratio of -19.24 and a beta of 2.58.

Insider Buying and Selling at Hycroft Mining

In other Hycroft Mining news, SVP David Brian Thomas sold 15,000 shares of the firm's stock in a transaction on Monday, December 29th. The shares were sold at an average price of $21.21, for a total transaction of $318,150.00. Following the completion of the transaction, the senior vice president directly owned 81,070 shares of the company's stock, valued at $1,719,494.70. This trade represents a 15.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rebecca Jennings sold 9,071 shares of the business's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $39.33, for a total value of $356,762.43. Following the completion of the sale, the senior vice president directly owned 215,794 shares of the company's stock, valued at approximately $8,487,178.02. This represents a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired a total of 1,725,000 shares of company stock worth $54,177,250 in the last 90 days. 1.31% of the stock is owned by corporate insiders.

Institutional Trading of Hycroft Mining

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Hycroft Mining by 150.2% in the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company's stock worth $67,402,000 after buying an additional 1,702,288 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Hycroft Mining during the fourth quarter worth about $39,815,000. Schroder Investment Management Group bought a new position in Hycroft Mining in the fourth quarter worth about $36,366,000. Tidal Investments LLC lifted its holdings in Hycroft Mining by 125.3% in the third quarter. Tidal Investments LLC now owns 1,566,287 shares of the company's stock worth $9,711,000 after acquiring an additional 871,030 shares during the last quarter. Finally, UBS Group AG boosted its stake in Hycroft Mining by 711.9% in the third quarter. UBS Group AG now owns 945,022 shares of the company's stock valued at $5,859,000 after acquiring an additional 828,625 shares during the period. Institutional investors own 7.38% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.