Hycroft Mining (NASDAQ:HYMC) Stock Price Up 6.7% - Still a Buy?

Hycroft Mining Holding Co. (NASDAQ:HYMC - Get Free Report)'s stock price traded up 6.7% on Thursday . The company traded as high as $3.54 and last traded at $3.48. 249,011 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 292,242 shares. The stock had previously closed at $3.26.

Hycroft Mining Price Performance

The stock has a market cap of $77.20 million, a PE ratio of -1.16 and a beta of 2.11. The company's fifty day moving average is $2.65 and its 200-day moving average is $2.46.

Hycroft Mining (NASDAQ:HYMC - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.02).

Hedge Funds Weigh In On Hycroft Mining

Several institutional investors have recently made changes to their positions in HYMC. Geode Capital Management LLC grew its position in Hycroft Mining by 12.7% during the third quarter. Geode Capital Management LLC now owns 197,589 shares of the company's stock valued at $494,000 after buying an additional 22,302 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Hycroft Mining in the 4th quarter valued at about $92,000. Avantax Advisory Services Inc. boosted its position in Hycroft Mining by 40.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company's stock worth $69,000 after purchasing an additional 9,000 shares in the last quarter. Virtu Financial LLC grew its holdings in Hycroft Mining by 59.9% in the third quarter. Virtu Financial LLC now owns 27,305 shares of the company's stock valued at $68,000 after purchasing an additional 10,228 shares during the period. Finally, Northern Trust Corp increased its position in shares of Hycroft Mining by 55.8% in the fourth quarter. Northern Trust Corp now owns 42,241 shares of the company's stock valued at $93,000 after buying an additional 15,124 shares in the last quarter. 7.38% of the stock is owned by hedge funds and other institutional investors.

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About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.