Hycroft Mining Holding Corporation Class A Common Stock (HYMC)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Mr. Market is offering me a Nevada gold and silver explorer at $17.57, a $1.6 billion market value, on the close of 2026-10-13. Hycroft reports no revenue and has lost money every year in the filed record. It lost $55.0 million in fiscal 2023, $60.9 million in fiscal 2024, and $40.7 million in fiscal 2025. In fiscal Q1 2026, the quarter ended 2026-03-31, it lost $48.3 million; in fiscal Q2 2026, the quarter ended 2026-06-30, it lost another $20.8 million. Those are filed figures. The FairStock calculations show a negative P/E of -21.69, price-to-book of 6.53, ROE of -73.18%, ROCE of -26.90%, and trailing free cash flow of -$109.2 million, a -6.7% FCF yield. Its Piotroski F-Score is 1/9, and its FairStock Score is 38/100. The balance sheet has no debt, and the Altman Z-Score of 19.88 is high, but that mostly reflects a large equity value and no debt, not earning power. There is no durable moat here, only acreage and optionality. A miner with no production, no profits, and heavy cash burn can be a lottery ticket on metals prices, but it is not a Graham bargain. I want assets, earnings, and a margin of safety. At 6.5 times book and $1.6 billion, I see speculation, not value.

In plain English: Hycroft Mining is a gold and silver exploration company with a large property in Nevada. It is not yet producing and has lost money for several years, so the underlying business looks weak. At $17.57 a share, the price looks expensive compared with its lack of profits and the cash it is spending.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer