Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells 9,605 Shares of Company Stock

Key Points

• Hycroft Mining SVP Rebecca Jennings sold 9,605 shares at an average price of $21.46, totaling about $206,123. She retained 196,924 shares after the sale, a 4.65% reduction in her position.
• HYMC shares fell $2.29 to $18.98 in Tuesday trading. The company also reported a quarterly loss of $0.28 per share, missing analysts’ $0.17 loss estimate.
• Analysts’ consensus rating is Hold, with an average price target of $25; ratings are split among Buy, Hold, and Sell.

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) SVP Rebecca Jennings sold 9,605 shares of the business's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $21.46, for a total transaction of $206,123.30. Following the completion of the transaction, the senior vice president owned 196,924 shares in the company, valued at approximately $4,225,989.04. The trade was a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hycroft Mining Stock Performance

Shares of HYMC stock traded down $2.29 during mid-day trading on Tuesday, hitting $18.98. The company's stock had a trading volume of 747,282 shares, compared to its average volume of 2,862,357. The company's fifty day simple moving average is $19.24 and its 200-day simple moving average is $29.45. Hycroft Mining Holding Corporation has a 52 week low of $7.69 and a 52 week high of $58.73. The company has a market cap of $1.77 billion, a PE ratio of -19.30 and a beta of 2.89.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.11). On average, equities analysts anticipate that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. 180 Wealth Advisors LLC lifted its holdings in Hycroft Mining by 78.8% in the third quarter. 180 Wealth Advisors LLC now owns 169,418 shares of the company's stock valued at $3,226,000 after acquiring an additional 74,658 shares during the period. StoneX Group Inc. bought a new stake in shares of Hycroft Mining during the 3rd quarter valued at about $216,000. Alps Advisors Inc. grew its stake in shares of Hycroft Mining by 693.9% during the 3rd quarter. Alps Advisors Inc. now owns 707,574 shares of the company's stock valued at $13,472,000 after purchasing an additional 618,447 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Hycroft Mining during the 3rd quarter valued at about $257,000. Finally, Sterling Capital Management LLC increased its position in shares of Hycroft Mining by 838.0% during the 3rd quarter. Sterling Capital Management LLC now owns 1,801 shares of the company's stock valued at $34,000 after purchasing an additional 1,609 shares during the last quarter. Institutional investors own 7.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HYMC. B. Riley Financial initiated coverage on shares of Hycroft Mining in a research report on Monday, August 3rd. They set a "buy" rating and a $25.00 price objective on the stock. Zacks Research raised shares of Hycroft Mining to a "hold" rating in a research report on Monday, July 13th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a research note on Friday, September 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.00.

Hycroft Mining Company Profile

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.

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.