Hycroft Mining Holding Corporation

NasdaqCM:HYMC 주식 리포트

시가총액: US$3.0b

Hycroft Mining Holding 향후 성장

Future 기준 점검 0/6

현재 Hycroft Mining Holding 의 성장과 수익을 예측할 만큼 분석가의 범위가 충분하지 않습니다.

핵심 정보

n/a

이익 성장률

n/a

EPS 성장률

Metals and Mining 이익 성장13.8%
매출 성장률n/a
향후 자기자본이익률n/a
애널리스트 커버리지

Low

마지막 업데이트n/a

최근 향후 성장 업데이트

분석 기사 • Dec 19

Loss-Making Hycroft Mining Holding Corporation (NASDAQ:HYMC) Expected To Breakeven In The Medium-Term

We feel now is a pretty good time to analyse Hycroft Mining Holding Corporation's ( NASDAQ:HYMC ) business as it...

Recent updates

분석 기사 • Jul 13

Hycroft Mining Holding (NASDAQ:HYMC) Is Carrying A Fair Bit Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Apr 17

Hycroft Mining Holding Corporation's (NASDAQ:HYMC) Popularity With Investors Is Under Threat From Overpricing

When you see that almost half of the companies in the Metals and Mining industry in the United States have...
분석 기사 • Dec 07

Hycroft Mining Holding (NASDAQ:HYMC) Has Debt But No Earnings; Should You Worry?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Aug 09

Hycroft Mining Seems To Be Stalling The Development Of Its Flagship Project

Hycroft Mining booked a loss from operations of $20.5 million in H1 2022, but it still had $157.8 million in the bank as of June. Yet, the company is focusing on drilling out the Hycroft Mine instead of proceeding to the construction stage. In my view, this is a sign that there is little confidence that technical challenges can be successfully overcome and is costing the company a lot of momentum. Introduction In March, I wrote a bearish article on a small gold miner named Hycroft Mining Holding Corporation (HYMC) in which I said that its shares seemed to have attracted significant retail investor interest and that the share price was likely to return to below $0.30 in the near future. Shortly after that, Hycroft Mining became a meme stock as movie theater chain AMC Entertainment (AMC) and mining investor Eric Sprott announced they are each investing $27.9 million in cash in Hycroft in exchange for 23,408,240 shares. In addition, AMC and Sprott each got 23.4 million warrants exercisable at $1.07 per share. This deal has strengthened the balance sheet of Hycroft Mining and the share price has been holding up above $1.00 since then. However, I think that the H1 2022 financial results of Hycroft Mining look underwhelming and that the company seems to be stalling the development of its flagship project. With momentum being lost, I think it's just a matter of time before its share price returns back below $0.30 per share. Let's review. Overview of the latest developments In case you haven't read my previous articles on Hycroft Mining, here's a quick description of the business. The company's main asset is a gold and silver project in the northern part of the state of Nevada named Hycroft Mine which has measured and indicated resources of 9.65 million ounces of gold and 446 million ounces of silver. However, you can notice from the table below that the grades are pretty low and that almost all of the material is sulfide, which is usually technically challenging to process. Hycroft Mining The company has a pre-commercial scale direct leaching run-of-mine ((ROM)) operation at the site which is expected to proceed through the end of 2022. In H1 2022, Hycroft Mine produced a total of 10,924 ounces of gold and 30,515 ounces of silver. However, this ROM operation is bringing in less and less revenue each quarter and is unprofitable at the moment. In H1 2022, Hycroft Mining sold 6,740 ounces of gold and 16,879 ounces of silver for $13 million but production and mine site period costs came in at $22.2 million. The loss from operations for the period was $20.5 million, which represents an increase of 10.6% year-on-year. In addition, Hycroft Mining had interest expenses of another $9.5 million. Hycroft Mining Looking at the future of the Hycroft Mine project, the company released a heap leaching feasibility study in 2019 which showed that a relatively modest initial CAPEX of about $230 million would deliver a mine with a net present value of over $2 billion at $1,300 per ounce of gold. At today's price of gold of around $1,800 per ounce, the NPV stands at around $4 billion. Hycroft Mining However, you should take these figures with a grain of salt. You see, refractory sulfide gold ores need to be processed using sophisticated treatment methods. Hycroft Mining's plan to solve this issue is to use iron (as ferric chloride) in the oxidation solutions but this is an unproven technology and there are several technical challenges that need to be addressed. Hycroft Mining In light of this, I find it unsurprising that Hycroft Mining is not proceeding with the construction of the mine despite finally having the funds to do so. You see, the company had $157.8 million in the bank as of June 2022 as it completed a $138.6 million at-the market equity offering program shortly after its deal with AMC and Sprott. Hycroft Mining Yet, Hycroft Mining's focus at the moment is on an exploration program that includes infill drilling as well as 100,000 feet of RC drilling and 25,000 feet of core drilling. I've never seen a mining company with a feasibility study stage project embark on such a large drilling program instead of proceeding to the construction phase which leads me to think that there is little confidence that the Hycroft Mine can be built and put into commercial operation without a hitch. Another issue for investors is that the market valuations of exploration and development stage mining companies are mainly driven by momentum, and this is being lost here. And it's not like Hycroft Mining can afford to delay the construction of its mine for long as almost all its debt has to be repaid in 2027. Hycroft Mining Overall, I think that Hycroft Mining is in trouble despite raising almost $200 million in equity over the past year as the company's annualized loss from operations is about $40 million and it doesn't seem to have the confidence in its technology to put the Hycroft Mine into commercial production. In my view, the most likely scenario at the moment is that Hycroft Mining continues to bleed cash over the next few years before getting into a liquidity crisis in 2027. With momentum gradually being lost, this could result in a significant decrease in the company's market valuation. I'm bearish on Hycroft Mining and data from Fintel shows that the short borrow fee rate stands at 8.92% as of the time of writing. However, hedging seems tough here as long-dated call options are expensive at the moment. Seeking Alpha
분석 기사 • Jun 17

Is Hycroft Mining Holding (NASDAQ:HYMC) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Seeking Alpha • May 23

I Like Hycroft Mining, It's A Great Story

Hycroft is a great story and I like good stories. Bombed out mine to meme stock to AMC investment and then... Well, that's the thing, isn't it, what comes next?
Seeking Alpha • Mar 11

Hycroft Mining - Retail Investor Interest Seems Misplaced And I'm Bearish

Gold prices are rising due to the Russia-Ukraine conflict and Hycroft Mining seems to have attracted significant retail investor interest. The company has over 22 million ounces of gold equivalent resources and its valuation has quintupled this week. However, Hycroft Mining has a high debt load and is in pre-commercial scale operations, which means that it’s in trouble financially and won’t benefit much from high gold prices. In my view, retail investors should eventually realize their mistake, or the company could take advantage of the situation and carry out a capital increase to strengthen its balance sheet.
Seeking Alpha • Jul 07

Hycroft Mining Has A Lot Of Gold But There Are Many Red Flags

The company’s flagship project has reserves of 11.9 million ounces of gold and 478.5 million ounces of silver. The after-tax net present value is $2.1 billion at $1,300 per ounce of gold and more than $4 billion at today’s gold prices. However, the grades are very low and most of the remaining material is sulfide, which could lead to a lot of technical issues. Hycroft Mining also had a $116.8 million net debt as of March 2021 and the red flags seem too many. I think that the company is heading to a funding shortfall, which likely means stock dilution. I’m bearish.
분석 기사 • Mar 25

Hycroft Mining Holding (NASDAQ:HYMC) Is Making Moderate Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Feb 10

Have Insiders Been Buying Hycroft Mining Holding Corporation (NASDAQ:HYMC) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
분석 기사 • Dec 19

Loss-Making Hycroft Mining Holding Corporation (NASDAQ:HYMC) Expected To Breakeven In The Medium-Term

We feel now is a pretty good time to analyse Hycroft Mining Holding Corporation's ( NASDAQ:HYMC ) business as it...

이 섹션에서는 일반적으로 전문 애널리스트들의 컨센서스 추정치를 기반으로 매출 및 이익 성장 전망을 제시하여 투자자들이 회사의 수익 창출 능력을 이해하도록 돕습니다. 그러나 Hycroft Mining Holding는 과거 데이터가 충분하지 않고 애널리스트 예측도 없어, 과거 데이터를 단순히 외삽하거나 애널리스트 전망을 사용하여 향후 이익을 신뢰할 수 있게 계산할 수 없습니다.

Simply Wall St가 다루는 기업 중 97%는 과거 재무 데이터를 보유하고 있기 때문에, 이는 상당히 드문 상황입니다.

이익 및 매출 성장 예측

NasdaqCM:HYMC - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
3/31/2026N/A-77-105-104N/A
12/31/2025N/A-41-83-83N/A
9/30/2025N/A-46-31-30N/A
6/30/2025N/A-50-35-34N/A
3/31/2025N/A-52-35-34N/A
12/31/2024N/A-61-37-36N/A
9/30/2024N/A-60-39-37N/A
6/30/2024N/A-61-40-39N/A
3/31/2024N/A-62-45-44N/A
12/31/2023N/A-55-43-41N/A
9/30/202311-57-43-42N/A
6/30/202320-58-36-35N/A
3/31/202324-53-38-37N/A
12/31/202233-61-36-35N/A
9/30/202246-94-30-34N/A
6/30/202269-101-36-38N/A
3/31/2022101-101-31-29N/A
12/31/2021111-89-44-37N/A
9/30/2021103-60-78-52N/A
6/30/202183-69-105-74N/A
3/31/202155-111-142-106N/A
12/31/202047-136-144-111N/A
9/30/202042-139-122-101N/A
6/30/202032-139-108-93N/A
3/31/202025-110-80-70N/A
12/31/201914-99N/A-60N/A
9/30/20193-81N/A-50N/A
12/31/2018N/A-56N/A-27N/A
12/31/2017N/A-74N/A-29N/A
9/30/2015193-899N/A-64N/A
6/30/2015237-890N/A-49N/A

애널리스트 향후 성장 전망

수입 대 저축률: HYMC 의 예상 수익 증가율이 절약률(3.5%)보다 높은지 판단하기에는 데이터가 부족합니다.

수익 vs 시장: HYMC 의 수익이 US 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.

고성장 수익: HYMC 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.

수익 대 시장: HYMC 의 수익이 US 시장보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.

고성장 매출: HYMC 의 수익이 연간 20%보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: HYMC의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/25 17:16
종가2026/05/22 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.

Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.

산업 및 섹터 지표

산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.

분석가 소스

Hycroft Mining Holding Corporation는 15명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Michael KozakATB Cormark Historical (Cormark Securities)
Matthew MurphyBMO Capital Markets Equity Research
David Charles ForsterBofA Global Research