Hycroft Mining (NASDAQ:HYMC) Share Price Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• Hycroft Mining shares rose 13.3% and moved above their 50-day moving average of $19.24, trading as high as $21.66 before last changing hands at $21.27.
• Analyst views are mixed: one rates the stock Buy, one Hold and one Sell. The average rating is Hold, with a $25 price target.
• The company reported a quarterly loss of $0.28 per share, missing analysts’ expected loss of $0.17; a director separately bought 3,000 shares at an average price of $16.69.

Hycroft Mining Holding Corporation (NASDAQ:HYMC - Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $19.24 and traded as high as $21.66. Hycroft Mining shares last traded at $21.27, with a volume of 2,856,959 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on HYMC. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hycroft Mining in a report on Friday, September 11th. Zacks Research upgraded shares of Hycroft Mining to a "hold" rating in a research note on Monday, July 13th. Finally, 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 for the company. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.00.

Hycroft Mining Stock Up 13.3%

The firm has a fifty day simple moving average of $19.24 and a 200-day simple moving average of $29.45. The company has a market cap of $1.98 billion, a PE ratio of -21.48 and a beta of 2.89.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.11). Equities research analysts forecast that Hycroft Mining Holding Corporation will post -0.90 earnings per share for the current fiscal year.

Insider Transactions at Hycroft Mining

In other news, Director Blake Rhodes purchased 3,000 shares of the business's stock in a transaction that occurred on Wednesday, October 28th. The stock was purchased at an average cost of $16.69 per share, with a total value of $50,070.00. Following the completion of the acquisition, the director directly owned 7,068 shares of the company's stock, valued at approximately $117,964.92. This trade represents a 73.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hycroft Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management acquired a new position in shares of Hycroft Mining during the 1st quarter worth $35,000. Integrated Wealth Concepts LLC purchased a new position in Hycroft Mining in the second quarter valued at about $25,000. Legacy Wealth Managment LLC ID purchased a new position in Hycroft Mining in the first quarter valued at about $44,000. KBC Group NV purchased a new position in Hycroft Mining in the first quarter valued at about $51,000. Finally, FNY Investment Advisers LLC lifted its position in shares of Hycroft Mining by 50.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the company's stock valued at $35,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 7.38% of the company's stock.

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.

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