Hycroft Mining (NASDAQ:HYMC) Shares Climb 14.2% – Time to Buy?

Hycroft Mining Holding Corporation (NASDAQ:HYMC) was up 14.2% during mid-day trading on Monday. The company traded as high as $21.57 and last traded at $21.4380. 2,047,343 shares were traded during trading, a decline of 29% from the average daily volume of 2,868,490 shares. The stock had previously closed at $18.77.

Analyst Ratings Changes

A number of brokerages recently issued reports on HYMC. B. Riley Financial assumed coverage on shares of Hycroft Mining in a research note on Monday, August 3rd. They issued a “buy” rating and a $25.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hycroft Mining in a research note on Friday, September 11th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Hycroft Mining Price Performance

The stock has a 50-day simple moving average of $19.15 and a 200-day simple moving average of $29.31. The stock has a market cap of $1.74 billion, a PE ratio of -18.89 and a beta of 2.89.

Hycroft Mining (NASDAQ:HYMC) last released its quarterly earnings data on Tuesday, October 27th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11). As a group, equities research analysts anticipate that Hycroft Mining Holding Corporation will post -0.90 EPS for the current year.

Insider Activity at Hycroft Mining

In other Hycroft Mining news, Director Blake Rhodes acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was bought at an average cost of $16.69 per share, for a total transaction of $50,070.00. Following the completion of the purchase, the director directly owned 7,068 shares in the company, valued at $117,964.92. This represents a 73.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Rebecca Jennings sold 9,605 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $21.46, for a total value of $206,123.30. Following the completion of the sale, the senior vice president owned 196,924 shares of the company’s stock, valued at approximately $4,225,989.04. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Hycroft Mining

Large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC raised its holdings 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 buying an additional 500 shares during the period. Hollencrest Capital Management acquired a new stake in Hycroft Mining during the 1st quarter valued at $35,000. Farther Finance Advisors LLC grew its holdings in Hycroft Mining by 110.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,950 shares of the company’s stock valued at $37,000 after purchasing an additional 1,024 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Hycroft Mining during the 2nd quarter valued at $25,000. Finally, Global Retirement Partners LLC grew its stake in shares of Hycroft Mining by 2.8% during the third quarter. Global Retirement Partners LLC now owns 41,960 shares of the company’s stock valued at $799,000 after acquiring an additional 1,154 shares in the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

About Hycroft Mining

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.