# Hycroft Mining Holding Corporation (HYMC)

> Source: Nexqual · https://nexqual.com/HYMC · data as of 2026-11-03 21:00 UTC · cite as "Nexqual, Hycroft Mining Holding Corporation (HYMC), nexqual.com/HYMC" · informational, not investment advice.

## What changed for HYMC since Aug 31, 2025
The built-in knowledge of several widely used AI models ends around Aug 31, 2025. Everything below is newer, dated and sourced (as of Nov 3, 2026).

- Hycroft Mining Holding Corporation (HYMC) stock went from USD 4.55 (close of the week of Aug 25, 2025, split-adjusted) to USD 16.09, a +253.6% price change; the S&P 500 (SPY) moved +18.5% over the same period.
- Analyst actions on HYMC in the last 120 days: 2 (0 upgrades or target raises, 1 downgrades or target cuts); most recent B. Riley Securities, Aug 3, 2026.

**Price:** USD 16.09 (-1.47% on the day) · last close of Nov 3, 2026; US market pre market, not a live price. Prev close 16.33 · day 15.74–16.59 · 52w 7.07–58.73 · market cap $1.50B · NCM

## Key facts
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $2.9M; 6 not under a Rule 10b5-1 plan ($2.9M); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $3.8M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 24.5 (range 24–25).
- Total return with dividends: 1Y +110.0% vs S&P 500 +12.9%; 5Y -1.3% vs S&P 500 +72.1%.
- Latest earnings report: 2026-10-27 (next date not yet announced).
- Dividend: HYMC paid no cash dividend in the last five years.
- Short interest: 22.75% of float (as of 2026-10-15), 5.8 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $111M | $33.2M | $0K | — | — | — |
| Gross profit | -$52.6M | -$20.4M | $0K | — | — | — |
| Operating income | -$83.9M | -$53.5M | -$45.0M | -$43.8M | -$44.5M | -$119M |
| Net income | -$88.6M | -$60.8M | -$55.0M | -$60.9M | -$40.7M | -$103M |
| EPS (diluted) | -$14.70 | -$3.58 | -$2.61 | -$2.63 | -$0.94 | — |
| Free cash flow | -$44.0M | -$35.8M | -$42.5M | -$37.1M | -$83.4M | -$114M |
| Gross margin | -47.5% | -61.3% | — | — | — | — |
| Operating margin | -75.8% | -161.0% | — | — | — | — |
| Net margin | -80.0% | -183.1% | — | — | — | — |
| Revenue growth | +135.4% | -70.0% | -100.0% | — | — | — |
| Cash + short-term investments | $12.3M | $142M | $106M | $49.6M | $182M | — |
| Total debt | $160M | $135M | $145M | $125M | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2026)
P/B 6.3x · FCF yield -7.60% · Earnings yield -6.87%

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-16 | Thomas David Brian | SVP, General Manager | 25,000 | $658K | 12.9% | No | Too little history (no open-market trades in 2023) |
| 2026-06-12…2026-06-15 | Jennings Rebecca | SVP & General Counsel | 16,523 | $437K | 7.5% | No | Too little history (no open-market trades in 2024) |
| 2026-06-04 | Thomas David Brian | SVP, General Manager | 9,000 | $271K | 4.4% | No | Too little history (no open-market trades in 2023) |
| 2026-06-04 | Rideout Stanton K | Executive Vice President & CFO | 16,500 | $498K | 3.3% | No | Routine (sold in Jun each year 2023–2025) |
| 2026-06-04 | Garrett Diane R | Chair, President & CEO | 21,550 | $679K | 2.3% | No | Routine (sold in Jun each year 2023–2025) |
| 2026-06-04 | Jennings Rebecca | SVP & General Counsel | 11,300 | $342K | 5.2% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $3.8M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-28 | Rhodes Blake | Director | 3,000 | $50K | 16.69 | Too little history (no open-market trades in 2023–2025) |
| 2026-04-24 | Sprott Eric |  | 100,000 | $3.8M | 37.84 | Too little history (no open-market trades in 2023 or 2024) |

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 24.5 (low 24, high 25).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | B. Riley Securities | Target lowered | Buy | $28 → $25 |
| 2026-07-10 | B. Riley Securities | Initiated | Buy | $28 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-11-04) | 5Y (from 2021-11-01) |
|---|---|---|
| Total return | +110.0% | -1.3% |
| S&P 500 (SPY) | +12.9% | +72.1% |
| Per year | +110.6% | -0.3% |
| Volatility (annualized) | 111.9% | 123.9% |
| Max drawdown | -72.4% (Mar 2026→Oct 2026) | -91.6% (Mar 2022→Nov 2023) |

## Dividends
HYMC paid no cash dividend in the last five years.

## Short interest
12,617,167 shares sold short, 22.75% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 12,873,588 shares (-2.0%). Days to cover: 5.8 (short shares ÷ average daily volume).

## Peers (Gold)
FSM (Fortuna Mining Corp.) USD 8.84 -2.86% · AAUC (Allied Gold Corporation) USD 18.95 -2.02% · ARIS (Aris Mining Corporation) USD 14.43 -1.70% · CGAU (Centerra Gold Inc.) USD 19.61 -4.67% · OGC (OceanaGold Corporation) USD 23.61 -3.00% · SSRM (SSR Mining Inc.) USD 26.16 -2.17%

## More
Full page: https://nexqual.com/HYMC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in HYMC's own 10-K filed 2026-03-03 (https://www.sec.gov/Archives/edgar/data/1718405/000171840526000009/hymc-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Related party | AMC ENTERTAINMENT HOLDINGS, INC. (AMC) | "Prior to the Company's Annual General Meeting on December 29, 2029, AMC Entertainment Holdings, Inc. ("AMC") was classified as a related party because a representative from AMC served on the Company's Board of Directors." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $-0.25 | $-0.26 | +$0.01 | $0 | 1 |
| Next quarter (ends 2027-03-31) | $-0.22 | $-0.24 | +$0.02 | $0 | 1 |
| Current fiscal year (ends 2026-12-31) | $-1.29 | $-1.24 | −$0.05 | $0 | 1 |
| Next fiscal year (ends 2027-12-31) | $-0.71 | $-0.72 | +$0.02 | $0 | 2 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 16 | 82.2% | ±14.1% |
| 2026-12-18 | 44 | 76.7% | ±21.4% |
| 2027-01-15 | 72 | 76.6% | ±28.2% |
| 2027-02-19 | 107 | 77.1% | ±33.1% |
| 2027-05-21 | 198 | 80.5% | ±46.4% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Oct 27, 2026 | Quarter ended Sep 30, 2026 | −$0.29 | −$0.22 | Miss −31.8% | +13.3% |
| Jul 28, 2026 | Quarter ended Jun 30, 2026 | −$0.17 | −$0.18 | Beat +5.6% | -6.2% |
| Apr 28, 2026 | Quarter ended Mar 31, 2026 | — | — | — | -10.3% |
| Mar 3, 2026 | Quarter ended Dec 31, 2025 | $0.08 | −$0.12 | Beat +$0.20 | -14.5% |
| Oct 28, 2025 | — | — | — | — | +15.9% |
| Jul 31, 2025 | — | — | — | — | +3.6% |
| May 14, 2025 | — | — | — | — | -8.3% |
| Mar 5, 2025 | — | — | — | — | +15.0% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-27 | Schedule 13G/A | BlackRock, Inc.: 4.6% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1718405/000201238326003792/0002012383-26-003792-index.htm |
| 2026-10-27 | 8-K | Quarterly results; Director or executive officer change, or pay arrangement; Regulation FD disclosure — “Organizational Update On October 23, 2026, Stanton Rideout, the Company's Chief Financial Officer, notified the Board that effective March 16, 2027, he will transition to the newly created position of Executive Vice President, Strategic Advisor. The Company will conduct a comprehensive search for Mr. Rideout's replacement. Mr. Rideout's transition is not related to a disagreement with the Company on any matter relating to the Company's operations, policies or practices. On October 23, 2026, David Thomas, the…” | https://www.sec.gov/Archives/edgar/data/1718405/000149315226048626/0001493152-26-048626-index.htm |
| 2026-10-27 | 10-Q | Quarterly report · period ended Sep 30, 2026 | https://www.sec.gov/Archives/edgar/data/1718405/000171840526000030/0001718405-26-000030-index.htm |
| 2026-10-13 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1718405/000149315226046835/0001493152-26-046835-index.htm |
| 2026-09-23 | 8-K/A | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1718405/000149315226043969/0001493152-26-043969-index.htm |
| 2026-09-21 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1718405/000149315226043593/0001493152-26-043593-index.htm |
| 2026-09-09 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1718405/000149315226041967/0001493152-26-041967-index.htm |
| 2026-09-01 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure — “On August 27, 2026, the Board of Directors (the "Board") of Hycroft Mining Holding Corporation (the "Company") expanded the Board from five to nine directors and appointed Richard O'Brien, Marcelo Godoy, Josh Olmsted, and Blake Rhodes as new independent directors of the Company's Board (the "New Directors") effective September 1, 2026. Effective the same date, the Board also appointed Mr. O'Brien to the Audit, Nominating and Governance, and Compensation Committees and as the Company's Lead Independent Director;…” | https://www.sec.gov/Archives/edgar/data/1718405/000149315226041026/0001493152-26-041026-index.htm |
| 2026-08-28 | 8-K | Director or executive officer change, or pay arrangement — “On August 27, 2026, the Board of Directors (the " Board ") of Hycroft Mining Holding Corporation (the " Company ") appointed Rebecca A. Jennings, who was previously serving as Senior Vice President, General Counsel, and Corporate Secretary of the Company, to the role of Executive Vice President, General Counsel and Corporate Secretary of the Company, effective August 27, 2026. In connection with Ms. Jennings' promotion, the Compensation Committee of the Board approved an amendment to Ms. Jennings' existing…” | https://www.sec.gov/Archives/edgar/data/1718405/000149315226040592/0001493152-26-040592-index.htm |
| 2026-08-18 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1718405/000149315226039012/0001493152-26-039012-index.htm |
| 2026-08-07 | Schedule 13G | STATE STREET CORPORATION, SSGA FUNDS MANAGEMENT, INC.: 6.9% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1718405/000009375126000481/0000093751-26-000481-index.htm |
| 2026-07-28 | Schedule 13G | BlackRock, Inc.: 5.1% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1718405/000201238326002520/0002012383-26-002520-index.htm |
| 2026-07-28 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1718405/000149315226034923/0001493152-26-034923-index.htm |
| 2026-07-28 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1718405/000171840526000020/0001718405-26-000020-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.