Hycroft Mining's (HYMC) Sell (D-) Rating Reaffirmed at Weiss Ratings

Hycroft Mining (NASDAQ:HYMC - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Hycroft Mining Price Performance

Shares of NASDAQ:HYMC opened at $7.16 on Wednesday. The business's fifty day moving average price is $5.06 and its two-hundred day moving average price is $3.92. Hycroft Mining has a fifty-two week low of $1.99 and a fifty-two week high of $7.25. The stock has a market capitalization of $280.39 million, a price-to-earnings ratio of -3.60 and a beta of 2.51.

Insider Activity

In other news, major shareholder Eric Sprott purchased 9,344,704 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average cost of $4.28 per share, with a total value of $39,995,333.12. Following the acquisition, the insider directly owned 17,535,528 shares of the company's stock, valued at approximately $75,052,059.84. This trade represents a 114.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Rebecca Jennings sold 30,084 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $6.57, for a total transaction of $197,651.88. Following the sale, the senior vice president directly owned 100,024 shares of the company's stock, valued at approximately $657,157.68. The trade was a 23.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.21% of the company's stock.

Hedge Funds Weigh In On Hycroft Mining

A number of institutional investors and hedge funds have recently bought and sold shares of HYMC. XTX Topco Ltd bought a new position in shares of Hycroft Mining in the second quarter valued at about $101,000. Jane Street Group LLC acquired a new stake in Hycroft Mining in the 1st quarter valued at about $124,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hycroft Mining in the 1st quarter valued at about $136,000. Clear Harbor Asset Management LLC bought a new stake in shares of Hycroft Mining during the second quarter valued at approximately $141,000. Finally, Timelo Investment Management Inc. bought a new stake in shares of Hycroft Mining during the second quarter valued at approximately $470,000. Institutional investors and hedge funds own 7.38% of the company's stock.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.