Hycroft Mining Holding Corporation (HYMC) AI Stock Analysis

NASDAQ: HYMCAI research summary: business, growth, valuation, analysts, bull and bear case.

HYMC AI stock analysis summary

AI Research

Hycroft Mining Holding Corporation (HYMC) is an exploration and development company focused on its flagship gold and silver mine in Nevada. Over the trailing twelve months ending June 30, 2026, the company generated $0 in revenue and posted a diluted EPS of -$0.88. Hycroft maintains a strong liquidity cushion with $220.5M in net cash, though its 5-year share count has expanded by 1414.0%.

Market cap
$1.60B
Revenue (TTM)
$0
P/E
—
1Y return
94.2%
S&P 500 16.8%
Avg. target
$24.50
42.7% vs last close

Bull case

  • Hycroft controls substantial measured and indicated mineral resources totaling 9.6 million ounces of gold and 446.0 million ounces of silver across approximately 70,671 acres in Nevada.
  • The balance sheet is fortified by $220.5M in net cash and a current ratio of 39.21 with only $23,000 in total debt as of June 30, 2026.
  • Wall Street analysts project upside to a mean price target of $24.50, which is 42.7% above the last closing price of $17.17.

Bear case

  • The company produced $0 in revenue over the trailing twelve months and posted a TTM net loss per share of -$0.88.
  • Shareholder value has faced substantial dilution to fund operations, evidenced by a 5-year share count increase of 1414.0%.
  • HYMC demonstrates elevated volatility with a beta of 2.79 and currently trades 44.0% below its 200-day moving average.

What Hycroft Mining does

Hycroft Mining Holding Corporation is a gold and silver development company based in the United States, specializing in the operation and expansion of its flagship Hycroft mine. Spanning approximately 70,671 acres in Nevada, the mine serves as the central asset in the company's portfolio. As of December 31, 2021, measured and indicated mineral resources at the Hycroft mine totaled 9.6 million ounces of gold and 446.0 million ounces of silver. Headquartered in Winnemucca, Nevada, the company focuses on advancing mining operations and maximizing deposit value through extraction and processing methodologies while maintaining exploration activities across the region.

Growth and profitability

Hycroft operates as a development-stage mining asset, resulting in uneven revenue generation. Annual revenue declined from $110.7M in FY2021 to $33.2M in FY2022, while operating margin came in at -161.0% and net income was -$60.8M. Over the 5-year period from FY2013 to FY2022, revenue fell at a compound annual growth rate of 34.1%. In the trailing twelve months ending June 30, 2026, revenue stood at $0, with quarterly revenue down 52.2% year-over-year. TTM earnings per share was -$0.88, alongside a return on equity of -73.2%.

HYMC income statement →

Balance sheet and cash flow

As of June 30, 2026, Hycroft held $220.5M in cash and short-term investments against total debt of $23,000, yielding net cash of $220.5M. Liquidity is robust, with a current ratio of 39.21 and a debt-to-equity ratio of 0.00 on total shareholders' equity of $250.9M. For FY2025, capital expenditures totaled $564,000. Cash flow requirements and ongoing exploration have led to significant equity issuance, with the 5-year share count expanding by 1414.0%.

HYMC balance sheet →

Valuation and performance

At a share price of $17.17, Hycroft holds a market capitalization of $1.60B and an enterprise value of $1.76B. The stock trades at a price-to-book multiple of 7.9x and a price-to-sales multiple of 1.0x, which compares to the 1.8x median of its US-listed Basic Materials peers. Over the past year, HYMC gained 94.2%, outpacing the S&P 500 return of 16.8%. However, its 5-year return of -2.4% lagged the benchmark gain of 83.0%, and the stock trades 44.0% below its 200-day moving average.

HYMC key metrics →

What analysts expect

Wall Street analyst coverage includes 2 analysts, consisting of 1 Strong Buy and 1 Hold rating. The consensus mean price target is $24.50, representing a 42.7% premium over the last closing price of $17.17. For FY2026, analysts estimate revenue of $0 and an EPS of -$1.24. For FY2027, forecasts project revenue to reach $4.2M alongside an EPS of -$0.73. The company has beaten EPS expectations in 2 of the last 4 quarters, with its next earnings report set for October 27, 2026.

HYMC forecast and price target →

Key risks and what to watch

  • The company burned -$35.8M in free cash flow during FY2022 and depends on its $220.5M cash reserve to finance mine development.
  • A high short interest equal to 22.5% of the public float creates exposure to pronounced share price swings.
  • Operating returns remain deeply negative, with a trailing twelve-month return on equity of -73.2% and return on assets of -26.9%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this HYMC AI stock analysis

This page is an AI-written research summary of Hycroft Mining Holding Corporation (HYMC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: HYMC income statement, HYMC balance sheet, HYMC key metrics, HYMC analyst forecast, HYMC chart. See the HYMC stock overview for the latest quote and news.

HYMC AI stock analysis FAQ

What mineral assets does Hycroft Mining own?

Hycroft operates the Hycroft mine across approximately 70,671 acres in Nevada, which held measured and indicated resources of 9.6 million ounces of gold and 446.0 million ounces of silver as of December 31, 2021.

Does Hycroft Mining pay a regular dividend?

Hycroft Mining does not pay a dividend, as it is a development-stage company deploying capital toward exploration and project operations.

What is Hycroft's current financial and debt position?

As of June 30, 2026, the company held $220.5M in cash and short-term investments against $23,000 in total debt, yielding net cash of $220.5M and a current ratio of 39.21.

What do analysts project for Hycroft's revenue in the next fiscal years?

Consensus estimates project revenue of $0 for FY2026, before rising to $4.2M in FY2027.

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