Tag: Hycroft (Page 1 of 2)

Analyst Predicts HYMC Stock to Soar 3,200% This Year

May 3, 2023 /
Market News Daily - Analyst Predicts HYMC Stock to Soar 3,200% This Year.
Market News Daily – Analyst Predicts HYMC Stock to Soar 3,200% This Year.

An analyst is predicting Hycroft Mining (NASDAQ:HYMC) stock to soar more than 3,233% within a 12-month period.

HYMC stock is currently down more than -28% this year-to-date and is trading at $0.39 per share.

One analyst is offering a 12-month price forecasts for Hycroft Mining Holding Corporation with a median target of $13.00, a high estimate of $13.00 and a low estimate of $13.00.

The median estimate represents a +3,275.75% increase from Tuesday’s price of $0.39.

The current consensus among 1 polled investment analysts is to hold shares in Hycroft Mining Holding Corporation.

This rating has held steady since November, when it was downgraded from a buy rating.

Shareholders may feel convicted in their current investment with the latest HYMC price forecast.

If you’re new to the investment or are thinking buying, tread lightly.

Analysts were giving Mullen Automotive stock a 7,000% prediction for the year, but the stock has yet to see any gains since its forecast.

[stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”HYMC” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”]

Latest HYMC Stock Updates

The silver and gold mine company reports that 77.2% of the company is now owned by retail investors, a result of AMC Entertainment taking a 22% stake in the company last year.

But retail investors have bought up shares in the past year now becoming the dominant stakeholder in Hycroft.

AMC Entertainment now has 11.7% ownership, while Hyrcoft reports Eric Sprott, billionaire and precious metals investor holds a 9.2% stake.

Mudrick Capital, known for their contrarian investing, holds the least ownership at 1.9%.

In December of 2022, news surfaced that the company had discovered more gold, and more silver than anticipated.

AMC CEO Adam Aron made the exciting announcement on Twitter stating, “so far ALL 20 of the newly drilled bores contained gold/silver, and 14 of the 20 showed higher grades than previously known to Hycroft.

Diane R. Garrett, President & CEO said the second phase of the drill program will continue through the first half of 2023.

“Once permits are received, we will be stepping out beyond the known resource area and drilling prospective high-grade targets identified within our vast land position.”

For more HYMC stock news and updates, join the newsletter below.

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Market News Today - Analyst Predicts HYMC Stock to Soar 3,200% This Year.
Market News Today – Analyst Predicts HYMC Stock to Soar 3,200% This Year.

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Breaking
A Massive Company Now Announces Layoffs in Massachusetts

77% of Hycroft (HYMC) Is Now Owned by Retail

March 30, 2023 /
Market News Daily - Hycroft (HYMC) Is Now Owned by 77% of Retail | HYMC retail ownership.
Market News Daily – Hycroft (HYMC) Is Now Owned by 77% of Retail | HYMC retail ownership.

What percent of retail investors now own Hycroft Mining Holding Corporation (NASDAQ:HYMC)?

The silver and gold mine company reports that 77.2% of the company is now owned by retail investors, a result of AMC Entertainment taking a 22% stake in the company last year.

But retail investors have bought up shares in the past year now becoming the dominant stakeholder in Hycroft.

AMC Entertainment now has 11.7% ownership, while Hyrcoft reports Eric Sprott, billionaire and precious metals investor holds a 9.2% stake.

Mudrick Capital, known for their contrarian investing, holds the least ownership at 1.9%.

Hycroft Ownership Summary
Hycroft Ownership Summary – Hycroft Investors Page

In December of 2022, news surfaced that the company had discovered more gold, and more silver than anticipated.

AMC CEO Adam Aron made the exciting announcement on Twitter stating, “so far ALL 20 of the newly drilled bores contained gold/silver, and 14 of the 20 showed higher grades than previously known to Hycroft.

Statements

Alex Davidson, Vice President, Exploration made the following statement:

“The initial drilling campaign has focused on higher-grade opportunities primarily in the Brimstone, Vortex, and Central zones.

All 20 RC drill holes reported to date have returned ore grade mineralization, of which 14 holes have outperformed the model resulting in higher grades than previously estimated or known.

The results to date are very exciting as we established continuity between the higher-grade zones along structures.

In addition, we continue to enhance the project economics through in-fill drilling that have demonstrated mineralization in areas previously considered to be waste.” 

Diane R. Garrett, President & CEO said the second phase of the drill program will continue through the first half of 2023.

“Once permits are received, we will be stepping out beyond the known resource area and drilling prospective high-grade targets identified within our vast land position.”

Latest HYMC Stock News

The company seems rather confident where they stand in 2023.

On Wednesday, CEO Diane Garrett said on Twitter, “with a measured & indicated resource of over 10M ounces of gold and 360M of silver, $142M in cash, a successful and ongoing drill program, and engineering studies nearing the final stage, @HycroftMining is well-positioned to deliver value for our shareholders!”

Hycroft (HYMC) has also been selling collectible coins, gold bars, and merchandise to investors which has also contributed to the company’s revenue.

HYMC stock is up +8% in the past month, down more than -21% this year-to-date, and down more than -95% since its inception.

An annual meeting of stockholders will be held on May 24, 2023.

[stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”HYMC” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”]

Market News Published Daily

Market News Today - Hycroft (HYMC) Is Now Owned by 77% of Retail | HYMC retail ownership.
Market News Today – Hycroft (HYMC) Is Now Owned by 77% of Retail | HYMC retail ownership.

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Breaking
A Massive Company Now Announces Layoffs in Massachusetts

HYMC Stock Jumps 25% After More Gold is Discovered

December 20, 2022 /
Hycroft mining stock news today
Market News: Hycroft Mining Stock News Today.

Hycroft Mining (NYSE:HYMC) stock jumped more than 25% on Tuesday when news surfaced that the company had discovered more gold, and more silver than anticipated.

Shares rose to $0.57 from a low of $0.44 the previous trading day.

AMC CEO Adam Aron made the exciting announcement on Twitter stating, “so far ALL 20 of the newly drilled bores contained gold/silver, and 14 of the 20 showed higher grades than previously known to Hycroft.

AMC acquired a 22% stake in the silver and gold mining company earlier this year when they received 23.4 million warrants in Hycroft at $1.07 per share.

The stock at the time surged to $1.70 after trading at $0.60 during the beginning of the year.

Here’s the latest market news.

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Latest Hycroft News (HYMC Stock)

Hycroft News
Market News: The latest HYMC stock news.

HYMC stock surged more than 25% on the successful drilling news.

Alex Davidson, Vice President, Exploration commented the following:

“The initial drilling campaign has focused on higher-grade opportunities primarily in the Brimstone, Vortex, and Central zones.

All 20 RC drill holes reported to date have returned ore grade mineralization, of which 14 holes have outperformed the model resulting in higher grades than previously estimated or known.

The results to date are very exciting as we established continuity between the higher-grade zones along structures.

In addition, we continue to enhance the project economics through in-fill drilling that have demonstrated mineralization in areas previously considered to be waste.” 

Alex Davidson further stated, “Drilling in the Central zone is delivering ore grade mineralization where none was previously modeled. 

The grades we are seeing in the Central zone are more than double the average resource grade and extends mineralization farther south than previously understood.”

Diane R. Garrett, President & CEO commented, “We continue to be extremely pleased with the positive results from our exploration program.

The second phase of the drill program will continue through the first half of 2023.

Once permits are received, we will be stepping out beyond the known resource area and drilling prospective high-grade targets identified within our vast land position.”

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If you’re a shareholder, leave your thoughts on how you feel about the company’s progress and your prediction of where its headed and how it may affect AMC Entertainment as a company.

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AMC Theatres’ CFO Sean Goodman Joins HYMC Board

April 11, 2022 /
Sean Goodman HYMC Board
Sean Goodman Joins HYMC Board

AMC’s Sean Goodman just joined Hycroft’s (HYMC) board, CEO Diane Garrett announced earlier on Twitter.

Sean Goodman has served as Executive Vice President and Chief Financial Officer of AMC since February 2020.

Now the CFO is joining AMC’s gold mining company Hycroft (HYMC) further strengthening its partnership.

This is big news for HYMC shareholders and we’re going to discuss more about it below.

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AMC’s Sean Goodman Joins Hycroft (HYMC)

Sean Goodman Hycroft HYMC Board
Sean Goodman Hycroft

Hycroft (HYMC) released a press release this morning confirming the partnership with AMC Entertainment’s Sean Goodman.

Sean has more than 30 years of experience in strategic planning, capital markets, and finance.

Prior to AMC, Sean Goodman was the Chief Financial Officer of Asbury Automotive Group from July 2017 to November 2019.

Earlier in his career, Mr. Goodman served in various senior strategy and finance roles at Unifi and The Home Depot.

Sean started his career as an investment banker with Morgan Stanley and in various consulting and public accounting positions.

Mr. Goodman has a Master of Business Administration degree from The Harvard Business School and a Bachelor of Business Science degree (with honors) from the University of Cape Town in South Africa.

Stephen Lang also to join Hycroft (HYMC) board

But Sean Goodman isn’t the only addition to Hycroft’s board.

Stephen Lang has over 40 years of experience in the mining industry, including engineering, development and production at gold, copper, coal and platinum group metals operations.

Mr. Lang is Chair of Hudbay Minerals and was Chief Executive Officer of Centerra Gold Inc. from 2008 to 2012 and served as Centerra’s Board Chair from 2012 to 2019.

Mr. Lang has also held senior operating positions at Stillwater Mining
Company, Barrick Gold Corporation, Rio Algom Limited and Kinross Mining Corporation.

Stephen Lang holds a Bachelor of Science degree and a Master of Mining Engineering degree from the University of Missouri-Rolla.

HYMC price target

HYMC stock has a current price target of $13 according to several analysts.

CNN has one analyst while StockAnalysis has 8 analysts valuating the company at $13.26.

HYMC stock is currently trading at $2.22, that would be an almost 500% gain.

HYMC Stock Forecast

HYMC was heavily shorted prior to its 22% stake acquisition from AMC Entertainment Holdings, Inc.

Hycroft’s short interest has significantly dropped meaning several short positions have closed out.

Early investors in the gold mining company got a chance to reap from the price runup in March.

However, it’s long-term shareholders who are in for potentially massive gains.

The gold and silver mining company has raised a lot of money since its partnership with AMC Entertainment and its shareholders, raising an astonishing $195 million in only two weeks.

With experts on board such as Eric Sprott and Stephen Lang backed up by shareholder capital, Hycroft (HYMC) has a serious arsenal.

Recent gold news: Gold rises

Gold is rising and this can only mean great things for the commodity industry.

Goldman Sachs says the price of gold will continue to rise due to the slowdown of economies due to the Russian-Ukraine conflict.

There has been a steady climb up to $1956/oz, but the bank says we may see gold exceed $2,500 this year.

This puts Hycroft (HYMC) in a very good spot considering they now have the capital to increase production.

Gold tends to rise during bear markets so this could be a great opportunity for Hycroft (HYMC) and shareholders to capitalize from flow of the market.

I think Sean Goodman, Eric Sprott, and Stephen Lang are going to be great assets to the business.

What do you think?

Leave a comment below.

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