22,700 Shares in Hycroft Mining Holding Corporation $HYMC Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB purchased a new stake in shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 22,700 shares of the company’s stock, valued at approximately $531,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. California State Teachers Retirement System purchased a new stake in Hycroft Mining during the first quarter valued at approximately $1,958,000. 180 Wealth Advisors LLC boosted its holdings in shares of Hycroft Mining by 186.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 94,760 shares of the company’s stock worth $2,217,000 after purchasing an additional 61,699 shares during the period. UBS Group AG increased its position in shares of Hycroft Mining by 5.4% during the 4th quarter. UBS Group AG now owns 996,148 shares of the company’s stock valued at $23,678,000 after purchasing an additional 51,126 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Hycroft Mining during the 4th quarter valued at approximately $2,574,000. Finally, Vanguard Group Inc. raised its holdings in Hycroft Mining by 150.2% during the 4th quarter. Vanguard Group Inc. now owns 2,835,578 shares of the company’s stock valued at $67,402,000 after buying an additional 1,702,288 shares during the period. 7.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. B. Riley Financial initiated coverage on Hycroft Mining in a research report on Monday, August 3rd. They issued a “buy” rating and a $25.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday, June 16th. Wall Street Zen raised shares of Hycroft Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Zacks Research upgraded shares of Hycroft Mining to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hycroft Mining presently has an average rating of “Hold” and a consensus price target of $25.00.

Hycroft Mining Price Performance

Shares of HYMC opened at $26.14 on Friday. Hycroft Mining Holding Corporation has a 1-year low of $3.68 and a 1-year high of $58.73. The company has a 50-day moving average of $23.19 and a 200 day moving average of $32.33. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of -26.40 and a beta of 2.78.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings data on Monday, July 27th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). On average, equities analysts anticipate that Hycroft Mining Holding Corporation will post -0.9 earnings per share for the current fiscal year.

Insider Activity at Hycroft Mining

In other Hycroft Mining news, SVP Rebecca Jennings sold 1,194 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $28.64, for a total transaction of $34,196.16. Following the transaction, the senior vice president directly owned 202,498 shares in the company, valued at $5,799,542.72. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Diane R. Garrett sold 21,550 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $31.50, for a total value of $678,825.00. Following the transaction, the chief executive officer owned 928,352 shares in the company, valued at $29,243,088. The trade was a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 99,873 shares of company stock worth $2,884,778. Insiders own 0.77% 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.