Hycroft Mining Holding (HYMC) AI Stock Analysis

• Market Cap: $2.84B
• Dividend Yield: N/A
• Average Volume (3M): 4.19M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: N/A
• EPS Growth: 40.02%
• Country: US
• Employees: 56
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.22
• Shares Outstanding: 83,025,380
• 10 Day Avg. Volume: 4,027,637
• 30 Day Avg. Volume: 4,185,356
• PEG Ratio: -1.10
• Price to Book (P/B): -1.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.38
• Enterprise Value/Market Cap: 0.09
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -30.97
• Enterprise Value/Ebitda: -11.58
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $34.00 ▲(107.06% Upside)

The score is held down primarily by weak fundamentals—ongoing losses, negative cash flow, and a stressed balance-sheet profile per the provided financial statement analysis. Technicals are a partial offset due to strong uptrend signals, but the overbought readings raise near-term risk. Valuation is also a drag given loss-making results (negative P/E) and no dividend yield provided.

Positive Factors

Debt reduction / capital structure improvement

Management announced extinguishing all remaining debt, eliminating interest obligations and refinancing risk. This materially improves financial flexibility to fund exploration, studies or a restart, lowering structural liquidity pressure and enabling strategic optionality over the next several months.

High-grade exploration success

New drill results show highest silver grades and significant step-outs, expanding Vortex and Brimstone continuity and depth. Sustained discovery and scale expansion support a structurally larger resource base, improving future mine life, potential production profiles, and long-term value drivers for restart planning.

Governance and shareholder support

Shareholders re-elected the board, approved incentive pay and ratified a new auditor, signaling governance continuity and investor alignment. Stable leadership and formal oversight reduce execution risk for complex permitting, technical studies and operational restart over the medium term.

Negative Factors

Persistent negative cash flow

TTM negative operating and free cash flows indicate ongoing cash burn that necessitates external funding or asset monetization to sustain activities. This structural cash deficit weakens runway for exploration and restart projects and increases dependency on capital markets or partners over coming months.

Sustained operating losses and weak margins

Very weak profitability with small revenue and large net losses shows operations are not yet cash-generative. Persistent negative margins make funding ongoing technical studies and potential restarts more challenging and imply execution and operational risk until consistent positive margins are established.

Elevated leverage historically reduced flexibility

As of the TTM period, leverage was elevated versus equity, constraining financial flexibility and making the company sensitive to further losses or delays. Even with later debt actions, the prior capital structure heightens risk around funding needs, covenant history and investor confidence during transition phases.

Hycroft Mining Holding Business Overview & Revenue Model

Company Description

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 covers an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2021, its Hycroft mine had measured and indicated mineral resources of 9.6 million ounces of gold, and 446.0 million ounces of silver. Hycroft Mining Holding Corporation is headquartered in Winnemucca, Nevada.

How the Company Makes Money

Hycroft Mining primarily makes money through the extraction and sale of gold and silver from its mining operations. The company generates revenue by selling the extracted precious metals in the global commodities market. The pricing of these metals is subject to market fluctuations, which can significantly impact revenue. Additionally, the company's earnings are influenced by its ability to efficiently manage production costs, optimize mining processes, and maintain favorable partnerships with suppliers and distributors. Any joint ventures, long-term supply contracts, or hedging strategies also play a role in stabilizing their revenue streams.

Hycroft Mining Holding Financial Statement Overview

Summary

Financial quality is weak: the income statement shows persistent losses and negative margins, cash flow remains materially negative with ongoing free-cash-flow burn, and the balance sheet is described as stressed with leverage elevated versus equity (despite some improvement from prior negative equity periods).

Income Statement

Profitability remains very weak. In TTM (Trailing-Twelve-Months), the company generated ~$7.9M of revenue but posted a gross loss and a large net loss (~-$45.6M), with deeply negative operating and EBITDA margins. Annual results show a multi-year pattern of sizable losses and inconsistent revenue (including years with zero revenue reported), indicating limited operating stability and ongoing execution risk.

Balance Sheet

Leverage is elevated relative to the equity base. In TTM (Trailing-Twelve-Months), total debt is ~$134.2M versus ~$47.5M of equity (about 2.8x), which reduces financial flexibility. That said, equity has improved versus periods where equity was negative (e.g., 2021 and 2024 annual), but the capital structure still looks stressed and sensitive to continued losses.

Cash Flow

Cash generation is consistently negative. TTM (Trailing-Twelve-Months) operating cash flow is about -$30.3M and free cash flow about -$31.0M, with free cash flow deteriorating versus the prior period (negative growth). While cash burn is lower than the extreme 2020 level, the business is still consuming cash, increasing reliance on financing and balance-sheet support.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	33.23M	110.73M	47.04M
Gross Profit	-8.34M	-12.12M	-14.04M	-15.66M	-52.60M	-62.58M
EBITDA	-22.31M	-38.84M	-34.21M	-39.68M	-67.11M	-89.06M
Net Income	-45.61M	-60.90M	-55.02M	-60.83M	-88.56M	-136.39M
Balance Sheet
Total Assets	230.59M	140.13M	201.69M	248.95M	142.32M	232.63M
Cash, Cash Equivalents and Short-Term Investments	139.89M	50.01M	106.21M	141.98M	12.34M	56.36M
Total Debt	134.24M	125.01M	142.78M	132.83M	143.42M	147.78M
Total Liabilities	183.11M	173.55M	189.04M	185.65M	210.82M	216.01M
Stockholders Equity	47.48M	-33.41M	12.66M	63.31M	-68.49M	16.62M
Cash Flow
Free Cash Flow	-30.97M	-37.15M	-42.52M	-35.81M	-44.03M	-143.95M
Operating Cash Flow	-30.25M	-35.90M	-41.45M	-34.85M	-37.04M	-110.51M
Investing Cash Flow	438.00K	6.33M	-507.00K	8.34M	-6.87M	-31.12M
Financing Cash Flow	114.11M	-25.92M	-1.46M	155.85M	-5.49M	188.71M

Hycroft Mining Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HYMC, the sentiment is Positive. The current price of 16.42 is below the 20-day moving average (MA) of 25.89, below the 50-day MA of 16.58, and above the 200-day MA of 7.48, indicating a bullish trend. The MACD of 5.04 indicates Negative momentum. The RSI at 78.34 is Negative, neither overbought nor oversold. The STOCH value of 87.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HYMC.

Hycroft Mining Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTGO	64 Neutral	$455.93M	-154.10	-10.05%	―	―	97.09%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GORO	54 Neutral	$184.41M	-3.61	-92.98%	―	-15.35%	30.92%
HYMC	48 Neutral	$2.84B	-21.22	-374.60%	―	―	40.02%

Hycroft Mining Holding Corporate Events

Hycroft Mining Shareholders Back Board, Compensation and Auditor

At its virtual annual meeting of stockholders held on December 29, 2025, Hycroft Mining Holding Corporation’s shareholders elected six directors—Diane R. Garrett, Sean D. Goodman, Michael J. Harrison, Stephen A. Lang, David C. Naccarati, and Thomas Weng—to serve on the board until the 2026 annual meeting, reinforcing continuity in the company’s leadership. Stockholders also approved the 2025 Performance and Incentive Pay Plan and ratified the appointment of Baker Tilly US LLP as the independent auditor for the year ending December 31, 2025, signaling investor support for the company’s executive compensation framework and financial oversight, key elements for maintaining governance stability and investor confidence.

The most recent analyst rating on (HYMC) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Hycroft Mining Holding stock, see the HYMC Stock Forecast page.

Hycroft Mining announces pivotal high-grade silver drill results

On December 22, 2025, Hycroft Mining reported additional results from its 2025–2026 exploration drill program at the Hycroft Mine, highlighting the highest silver grades to date from the Vortex system and significant step-out extensions of the mineralization. New core holes H25D-6072 and previously announced H25D-6070 delivered long intervals of very high-grade silver, expanded Vortex by roughly 70 meters to the northwest and 90 meters down-dip to the west, and confirmed the continuity of mineralization, which remains open in all directions and at depth. Management said the results meaningfully increase the emerging scale and consistency of both the Vortex and Brimstone high-grade silver systems, reinforcing their role as key value drivers for Hycroft and marking the early stages of what the company describes as a pivotal growth phase in its exploration-led strategy.

Hycroft Mining Announces New Investor Presentation

On December 16, 2025, Hycroft Mining Holding Corporation announced that its management would begin issuing and publishing an investor presentation. This information is not considered filed for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section.

Hycroft Mining Reveals High Silver Grades in Vortex

On December 15, 2025, Hycroft Mining Holding Corporation announced initial results from its 2025-2026 Exploration Drill Program at the Hycroft Mine, revealing the highest silver grades to date in the Vortex area and expansion opportunities to the north and south. The company is also considering a potential restart of heap leach operations due to favorable gold and silver prices, with further exploration and technical studies underway to update resource estimates and improve operational efficiency.

Hycroft Mining Reschedules 2025 Annual Meeting

On November 18, 2025, Hycroft Mining Holding Corporation announced the rescheduling of its 2025 Annual Meeting of Stockholders from December 9 to December 29, 2025. This change impacts the record date for stockholders entitled to vote, now set for December 12, 2025, and involves the distribution of updated meeting materials.

Hycroft Mining Holding Achieves Debt-Free Status

On October 15, 2025, Hycroft Mining Holding Corporation repurchased its 10% Senior Secured Notes at a 9% discount, fully satisfying and discharging its obligations. The company also repaid its credit agreement with Sprott Private Resource Lending, totaling $15.1 million, effectively terminating the agreement. On October 16, 2025, Hycroft announced it had extinguished all remaining debt, totaling $125.5 million, marking a significant milestone as it becomes debt-free. This financial restructuring strengthens Hycroft’s balance sheet, enhances operational flexibility, and positions the company for growth, supported by an institutional investor base holding 80% of its shares.