Insider Selling: Hycroft Mining (NASDAQ:HYMC) SVP Sells $402,386.25 in Stock

Hycroft Mining Holding Corporation (NASDAQ:HYMC) SVP Rebecca Jennings sold 15,329 shares of Hycroft Mining stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $26.25, for a total transaction of $402,386.25. Following the transaction, the senior vice president directly owned 202,498 shares in the company, valued at $5,315,572.50. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rebecca Jennings also recently made the following trade(s):

• On Monday, June 15th, Rebecca Jennings sold 1,194 shares of Hycroft Mining stock. The shares were sold at an average price of $28.64, for a total transaction of $34,196.16.
• On Thursday, June 4th, Rebecca Jennings sold 11,300 shares of Hycroft Mining stock. The shares were sold at an average price of $30.27, for a total transaction of $342,051.00.

Hycroft Mining Price Performance

Shares of NASDAQ HYMC opened at $26.01 on Friday. The company has a market capitalization of $2.38 billion, a P/E ratio of -21.86 and a beta of 2.62. The company has a 50 day simple moving average of $34.86 and a 200-day simple moving average of $33.54. Hycroft Mining Holding Corporation has a 1 year low of $2.93 and a 1 year high of $58.73.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings data on Monday, April 27th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.45).

Analysts Set New Price Targets

HYMC has been the subject of a number of research analyst reports. Wall Street Zen upgraded Hycroft Mining from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hycroft Mining in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hycroft Mining by 11.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 459,896 shares of the company’s stock worth $1,490,000 after buying an additional 47,385 shares during the period. Jane Street Group LLC purchased a new stake in shares of Hycroft Mining in the 1st quarter valued at $124,000. Geode Capital Management LLC lifted its stake in Hycroft Mining by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 227,603 shares of the company’s stock worth $713,000 after acquiring an additional 3,146 shares in the last quarter. XTX Topco Ltd acquired a new position in Hycroft Mining during the 2nd quarter worth about $101,000. Finally, Shay Capital LLC boosted its holdings in Hycroft Mining by 100.2% during the 2nd quarter. Shay Capital LLC now owns 246,627 shares of the company’s stock valued at $772,000 after acquiring an additional 123,453 shares during the period. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Hycroft Mining Company Profile

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.