-
Hycroft Mining (HYMC) operates one of the world’s largest gold and silver deposits in Nevada.
-
HYMC has surged 2,369% over the past year, recently hitting a 3-year high of $58.73.
-
The stock maintains a 100% “Buy” technical opinion from Barchart.
-
Despite technical momentum, Morningstar considers HYMC 67% overvalued and CFRA rates it a “Hold.”
Author’s Note: Please do not try to buy this stock at these levels, but study it as a learning experience.
Valued at $4.55 billion, Hycroft Mining (HYMC) is a U.S.-based, gold and silver producer operating the Hycroft mine located in the world-class mining region of northern Nevada. The Hycroft mine features one of the largest gold and silver deposits in the world with a low-capital, low-cost process and a 34-year mine life.
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. HYMC checks those boxes. Since the Trend Seeker issued a new “Buy” on Oct. 28, shares are up 562.92%.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Hycroft scored a new 3-Year high of $58.73 on Jan. 26.
-
HYMC has a Weighted Alpha of +1,554.89.
-
Hycroft has a 100% “Buy” opinion from Barchart.
-
The stock has gained 2,369% over the past 52 weeks.
-
HYMC has its Trend Seeker “Buy” signal intact.
-
The stock recently traded at $52.22 with a 50-day moving average of $22.72.
-
Hycroft has made 13 new highs and is up 112.32% over the past month.
-
Relative Strength Index (RSI) is at 77.44.
-
There’s a technical support level around $48.45.
-
$4.55 billion market capitalization.
-
Wall Street is not following this stock, so there are no revenue and earnings projections.
