Hycroft Mining Holding Corporation Class A Common Stock
HYMC
$0.00
+2.74%
Hycroft Mining Holding Corporation is a US-based exploration-stage company focused on gold and silver. It is developing its primary asset, the Hycroft Mine in Nevada, positioning itself as a pure-play explorer in a major mining district.
HYMC
Hycroft Mining Holding Corporation Class A Common Stock
$0.00
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Investment Opinion: Should I buy HYMC Today?
Based on a synthesis of the data, the objective assessment is a Hold/Speculative Buy for risk-tolerant investors only. The stock is not suitable for traditional fundamental 'Buy' ratings due to its lack of revenue, profits, and high cash burn. However, for investors with a high risk tolerance and a multi-year horizon willing to speculate on a binary outcome, the significant reserve potential and insider accumulation could justify a small, speculative position. It is critical to frame this not as financial advice but as an assessment that the stock's value is entirely tied to future, uncertain events rather than current fundamentals.
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HYMC 12-Month Price Forecast
The outlook is highly uncertain and binary. The neutral stance reflects the offsetting forces of monumental upside potential and severe fundamental risks. Confidence is low due to the exploratory stage, lack of revenue, and extreme market volatility, making any 12-month forecast highly speculative.
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Hycroft Mining Holding Corporation Class A Common Stock's 12-month outlook, with a consensus price target around $0.00 and implied upside of — versus the current price.
Average Target
$0.00
1 analysts
Implied Upside
—
vs. current price
Analyst Count
1
covering this stock
Price Range
$0 - $0
Analyst target range
Analyst coverage is extremely limited, with data from only one analyst. The consensus estimated EPS for the forward period is $0.04. No target price, revenue estimates, or ratings distribution data is available in the provided inputs. Therefore, there is no sufficient analyst coverage available to form a meaningful consensus view.
Bulls vs Bears: HYMC Investment Factors
HYMC is a high-risk, high-potential exploration-stage gold/silver play. Bullish catalysts center on a massive reserve upgrade and strong insider backing, while bearish concerns focus on the absence of revenue, extreme cash burn, and violent price swings. The stock is a pure speculation on the successful development of its Nevada asset.
Bullish
- Massive Reserve Increase: Independent assessment shows 55% more gold/silver reserves, potentially worth over $50B.
- Strong Insider Confidence: Mining billionaire Eric Sprott increased stake to 44%, signaling long-term belief.
- Exceptional Price Momentum: Stock up 986% over the past year, showing powerful speculative interest.
- Zero Debt, Strong Liquidity: Debt-to-equity ratio of 0 and current ratio of 23.9 provide financial flexibility.
Bearish
- Pre-Revenue, Loss-Making: Zero revenue, negative EPS, and deeply negative free cash flow of -$83M TTM.
- Extreme Volatility & High Beta: 52-week range $2.30-$58.73, beta of 2.79, down 30% in the last month.
- Elevated Valuation on Assets: Price-to-Book ratio of 4.81 is high for a pre-production miner.
- Heavy Cash Burn: Operating cash flow -$60.7M in Q4 2025, risking future dilution or financing needs.
HYMC Technical Analysis
The stock has experienced an exceptionally strong overall trend, rising 986.4% over the past year and 466.8% over the last six months. This dramatic ascent is characterized by significant volatility, as evidenced by the 52-week range of $2.30 to $58.73. In the short term, the stock has corrected sharply, declining 30.1% over the past month, though it remains up 48.1% over the last three months. The current price of $35.20 sits approximately 60% above its 52-week low but is also about 40% below its recent high, indicating a substantial pullback from peak levels. No RSI data is provided for the current position analysis.
Beta
2.92
2.92x market volatility
Max Drawdown
-46.2%
Largest decline past year
52-Week Range
$2-$59
Price range past year
Annual Return
+1120.7%
Cumulative gain past year
| Period | HYMC Return | S&P 500 |
|---|---|---|
| 1m | -25.8% | -4.3% |
| 3m | +47.6% | -4.0% |
| 6m | +477.1% | -2.0% |
| 1y | +1120.7% | +22.2% |
| ytd | +47.6% | -3.8% |
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HYMC Fundamental Analysis
The company is in the exploration stage, generating no revenue as of the latest quarter (Q4 2025). Consequently, profitability metrics are negative, with a net income of -$7.79 million and an EPS of -$0.0938 for that quarter. The trend shows persistent operating losses, with negative gross profit and EBITDA across recent periods. Financially, the company shows a strong current ratio of 23.86 and a debt-to-equity ratio of 0, indicating no debt burden. However, cash flow is a major concern, with operating cash flow deeply negative at -$60.72 million for Q4 2025 and free cash flow of -$83.44 million on a TTM basis, reflecting heavy investment and operational costs. Operational efficiency metrics are negative due to the lack of revenue; ROE is -19.0% and ROA is -13.8%, reflecting the company's pre-production, loss-making status.
Quarterly Revenue
$0.0B
2025-12
Revenue YoY Growth
N/A
YoY Comparison
Gross Margin
N/A
Latest Quarter
Free Cash Flow
$-83438000.0B
Last 12 Months
Revenue Breakdown
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Valuation Analysis: Is HYMC Overvalued?
Given the company's negative net income and negative EBITDA, traditional P/E and EV/EBITDA ratios are not meaningful. The trailing P/E is -25.3 and the EV/EBITDA is -30.5. With no sales, the P/S ratio is 0. The primary valuation metric available is the Price-to-Book (P/B) ratio of 4.81, which is elevated and reflects the market's valuation of the company's asset base and exploration potential rather than current earnings. No industry average P/B ratio is provided for peer comparison.
PE
-25.3x
Latest Quarter
vs. Historical
Low-End
5-Year PE Range -33x~-0x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
-20.5x
Enterprise Value Multiple
Investment Risk Disclosure
The primary risk is operational and financial: HYMC is a pre-revenue company burning significant cash (-$60.7M operating cash flow in Q4 2025) to develop its mine, with no guarantee of future production or profitability. This necessitates future capital raises, likely leading to shareholder dilution. Market risk is exceptionally high, evidenced by a beta of 2.79 and a 52-week range from $2.30 to $58.73, indicating extreme sensitivity to sentiment, commodity prices, and speculative flows. The stock's 30% drop over the past month, despite a 986% yearly gain, underscores this volatility. Furthermore, investment risk is heightened by minimal analyst coverage and reliance on a single, non-operating asset, making the company's fate binary based on the Hycroft Mine's success.
FAQ
The key risks are: 1) Financial Risk: The company has no revenue and burns cash heavily (Q4 2025 operating cash flow: -$60.7M), necessitating future dilutive financing. 2) Operational Risk: All value is tied to successfully developing the Hycroft Mine; any delays or failures destroy value. 3) Market Risk: Extreme volatility with a beta of 2.79 and a 52-week range of $2.30-$58.73 makes the stock highly unpredictable. 4) Commodity Price Risk: Future value is directly tied to the price of gold and silver.
A meaningful consensus forecast is impossible due to minimal analyst coverage (only one analyst). A probabilistic 12-month outlook suggests a wide range: a Bull Case (25% probability) targeting $58-$70 on project success; a Base Case (50% probability) of $25-$45 amid ongoing volatility; and a Bear Case (25% probability) of $2.30-$20 on operational or financial setbacks. The forecast is exceptionally uncertain and binary.
HYMC cannot be valued on traditional earnings or sales metrics (P/E: -25.3, P/S: 0). Its Price-to-Book (P/B) ratio of 4.81 is elevated, suggesting the market is valuing its asset base and exploration potential aggressively. Given the pre-revenue status and high cash burn, the stock is arguably overvalued on current fundamentals but could be undervalued if the $50+ billion reserve potential is realized. Valuation is purely speculative at this stage.
HYMC is not a 'good' stock to buy in the traditional sense of a profitable, revenue-generating company. It is a high-risk, high-potential speculation. For investors with a very high risk tolerance, a long time horizon, and an understanding of mining development risks, the significant reserve potential and insider backing (Eric Sprott owning 44%) could justify a small, speculative position. For most investors seeking stability or income, it is not suitable.
HYMC is only suitable for long-term, speculative investment with a horizon of 3-5 years or more. The company is in the exploration/development stage and will not generate revenue or profits in the short term. Short-term trading is extremely risky due to the stock's high beta (2.79) and volatility, as seen in its 30% drop over the past month. An investor must be prepared to hold through severe price swings while the company attempts to advance its project.