Hycroft Mining Stock Pullback Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2026
0mins
Should l Buy HYMC?
Source: Benzinga
- Stock Price Volatility: Hycroft Mining's shares fell about 7% in early trading on Tuesday following a record high on Monday, reflecting ongoing volatility in the gold and silver markets, which investors should closely monitor for sentiment shifts.
- Surge in Silver Prices: Silver prices jumped over 5% on Monday, surpassing $108 per ounce due to strong safe-haven demand and tightness in the physical market, directly contributing to Hycroft's stock soaring over 2,400% in the past year.
- Strong Market Performance: The stock is currently trading 40.3% above its 20-day simple moving average and 232% above its 100-day SMA, indicating robust short-term momentum, although the RSI at 80.32 suggests potential correction risks ahead.
- Business Model Advantage: Hycroft Mining controls one of the world's larger gold-silver deposits at its Hycroft Mine in Nevada, positioning the company to capitalize on rising silver prices driven by geopolitical uncertainties, thereby enhancing its competitive edge in the market.
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Analyst Views on HYMC
About HYMC
Hycroft Mining Holding Corporation is a gold and silver exploration and development company that owns the Hycroft Mine in the prolific mining region of Northern Nevada. Hycroft Mine, a gold and silver operation, is located 54 miles northwest of Winnemucca, spanning Humboldt and Pershing counties in Nevada. The Hycroft Mine is an operating segment and includes the mine site, exploration, and development activities. The property consists of 30 private parcels with patented claims totaling approximately 1,787 acres, along with 3,247 unpatented mining claims covering approximately 62,298 acres, for a combined total of approximately 64,000 acres. The Company is also focused on completing the technical studies to transition the Hycroft Mine into a large-scale milling operation for processing the sulfide ore. In addition, the Company is engaged in a robust exploration drill program to unlock the full potential of its expansive +64,000-acre land package.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Stock Fluctuation: After three days of gains, Hycroft Mining's stock fell 2% on Wednesday and 8% on Thursday, but rebounded 12.7% by Friday morning, indicating market volatility and uncertainty.
- Gold and Silver Price Trends: Gold peaked at $5,419.80 on January 28, dropped to nearly $4,500, and recently rose back to $5,030, while silver also experienced significant fluctuations, highlighting the high-risk nature of precious metals markets.
- Lack of Profitability: Despite rising gold and silver prices, Hycroft has not turned a profit since 2013 and has not generated revenue in the past three years, indicating the company's struggle to capitalize on market opportunities amid volatility.
- Analyst Expectations: Most analysts forecast continued losses for Hycroft until at least next year when mining activities may resume, urging caution for investors due to the uncertainty surrounding future gold and silver prices and the company's recovery potential.
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- Revenue Decline: Coinbase reported total Q4 revenue of $1.78 billion, down 5% quarter-over-quarter, missing the Street consensus estimate of $1.85 billion, indicating potential market demand weakness that could impact future growth.
- Earnings Beat: Despite the revenue drop, Coinbase's adjusted earnings per share were 66 cents, surpassing the Street consensus estimate of 64 cents, demonstrating the company's strong performance in cost management and operational efficiency.
- Stock Price Surge: Coinbase shares jumped 13% to $159.44 on Friday, reflecting investor confidence in the company's profitability, even though overall revenue fell short of expectations.
- Market Environment Impact: The broader U.S. stock market declined, with the Dow Jones falling around 0.2% on Friday, indicating macroeconomic pressures on tech stocks that may affect Coinbase's future market performance.
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- Market Volatility Impact: The commodities market's ongoing volatility in 2026 has led to a decline in gold and silver prices during intraday trading on Thursday, reflecting investor concerns over market uncertainty, which may affect the short-term performance of related stocks.
- Oversold Stock Rankings: Based on the Relative Strength Index (RSI), Hycroft Mining Holding Corporation (HYMC), Hecla Mining Company (HL), and Dakota Gold Corp. (DC) all rank at the top with an RSI of 50, indicating these stocks are oversold in the current market environment and may present rebound opportunities.
- RSI Indicator Interpretation: The RSI values range from 50 to 62, suggesting a cautious sentiment towards these gold and silver stocks, particularly with Newmont Corporation (NEM) and Royal Gold, Inc. (RGLD) exceeding an RSI of 60, which may signal short-term price adjustment risks.
- ETF Market Dynamics: Various ETFs encompassing gold and silver (such as GLD, SLV, etc.) are also affected by market volatility, prompting investors to monitor these funds' performance to make more informed investment decisions in an uncertain market environment.
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- Purchase Overview: On January 29, 2026, Eric Sprott executed an open-market purchase of 200,000 shares of Hycroft Mining through Sprott Mining Inc., valued at approximately $9.2 million, demonstrating his ongoing confidence in the company.
- Ownership Structure Change: Following this transaction, Sprott now indirectly holds over 40% of Hycroft Mining shares, with this purchase representing only 0.55% of his indirect holdings, yet it reflects his positive outlook on the company's future.
- Market Performance Analysis: Hycroft Mining's stock has surged over 2,000% in the past year, primarily driven by a strong rebound in gold and silver prices, despite the company remaining unprofitable, indicating optimistic market expectations for its future potential.
- Investor Focus: Since June 2025, Sprott has invested over $225 million in Hycroft Mining, and although the company has only 56 full-time employees and tight cash flow, the stock's dramatic rise may exceed what fundamentals can support, drawing significant investor interest.
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- Metal Price Pullback: Spot gold fell 0.7% to $4,926.90 per ounce on Thursday, while silver dropped 10% to $79.60 per ounce, reflecting short-term bearish sentiment in the precious metals market that has pressured Hycroft Mining's stock.
- Divergent Analyst Views: Despite market volatility, major banks like UBS and Goldman Sachs remain optimistic about gold, forecasting a rise to $6,200 next month, while expressing caution on silver, suggesting it needs to decline further to attract investors.
- Technical Indicators Show Weakness: Hycroft Mining is currently trading below key moving averages, indicating bearish sentiment in the short term, with an RSI of 53.62 suggesting a lack of strong momentum, prompting investors to watch for signs of market shifts.
- Impressive Stock Performance: Despite recent volatility, Hycroft Mining's stock has surged 1,235% over the past 12 months, highlighting its long-term growth potential, but the current technical setup advises caution as the stock navigates through uncertainty.
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