Are you interested in HYMC stock for long term investment? It could really meet your investment needs in the future.
Learn more about whether Hycroft Mining Holding Corporation (HYMC) is a good stock to buy now, whether it can go up, how you can buy HYMC stock, and its 10-year point price prediction.
What is HYMC Stock?
HYMC Stock is a capital raising financial instrument of Hycroft Mining Holding Corporation through which the company shares are traded in the NASDAQ exchange under the ticker symbol ‘HYMC.’
The company operates as a gold and silver development company with headquarters in Winnemucca, Nevada, United States.
The company holds interests in the Hycroft mine that covers an area of approximately 70,671 acres located in Nevada.
As at today, HYMC stock trades at $0.69 per share with $120.7 million market capitalization, putting it in the 34th percentile of companies in the Metals & Mining industry.
Is HYMC a Good Buy Now?
The consensus among 1 Wall Street analyst covering (NASDAQ: HYMC) stock is to buy HYMC stock. There is currently 1 buy rating for the stock.
The 1 analysts offering 12-month price forecasts for HYMC have a median target of 2.00, with a high estimate of 2.00 and a low estimate of 2.00. The median estimate represents a +189.85% increase from the last price of 0.69.
11 Penworld Gurus analysts carried out sell or buy analysis on (NASDAQ: HYMC) Stock. 7(63.63%) support a strong buy, 3(27.27%) support a buy, 1(9.09%) supports hold, and 0(0%) supports a sell.
Will HYMC go up?
Yes. The 1 analysts offering 12-month price forecasts for HYMC have a median target of 3.00, with a high estimate of 3.00 and a low estimate of 3.00.
The median estimate represents a +334.78% increase from the last price of 0.69.
There is evidence that HYMC at $0.69 is significantly undervalued. We expect it to go up in the long term.
Also, HYMC forecast annual revenue growth rate of 75.51% beating the United State entire Precious Metals & Mining industry average forecast revenue growth rate of 5.24%.
It is projected to outperform the US market’s average forecast revenue growth rate of 8.6%. With increasing revenue forecast, there is likelihood that HYMC stock will go up in the long term.
How to Buy HYMC Stock – Step-by-step guide
You can buy HYMC shares through online brokerage account.
Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
To buy HYMC, you must follow the steps below:
Step 1: Compare Trading Platforms
This will help you make a good choice of brokerage that suits your investment target. Use some comparison tables to help you find a platform that fits you.
Step 2: Open Your Brokerage Account.
You must open a trading account with your chosen brokerage firm. Complete an application form online with your details and follow other procedures that may be prescribed by your broker.
Step 3: Confirm Your Payment Details.
Then, pay minimum deposit into the account in USD or you deposit sufficient money to your account so that you can trade with no financial hitch.
Ensure your payment detail is correct before you make such transfer using appropriate payment means.
Step 4: Research the Stock
Conduct a research online to locate the stock you want to buy. Find the stock by name or ticker symbol, in this case -HYMC- and research it before deciding if it is a good investment for you now.
Step 5: Purchase Now or Later
Buy your preferred quantity of HYMC stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Step 6: Check In On Your HYMC Investment.
Optimize your portfolio by tracking your stock regularly so as to know when your investment target is attained and to know when to change investment strategy.
HYMC Stock price Prediction 2022, 2023-2033
We used Moving Average (MA) and Discounted Cash Flow (DCF) Models on HYMC historical price data. We then evaluated the fundamentals of HYMC to arrive at the following point price predictions.
HYMC Stock Price Prediction 2022
HYMC price is estimated to reach maximum at $1.50 by the end of 2022.
The price is estimated to drop to as low as $0.43.
The average price is expected to reach $0.96. This means HYMC price value will reach about $1.00 per share by the end of the year. Average price volatility is measured at 18.64%.
HYMC Stock Price Prediction 2023
In 2023, the price of HYMC is expected to reach a maximum value of $2.98 and minimum price is estimated as $0.93.
The average price is estimated as $1.95. There is evidence that HYMC price will reach $2.00 per share in the year. Average price volatility is 15.06%.
HYMC Stock Price Prediction 2024
Analysts predict that HYMC will reach a maximum trading price of $3.45 and the minimum price is projected to hit $1.14 in 2024.
Average price of HYMC is estimated at $2.29 in the year, meaning that HYMC will trade at about $2.20, given average price volatility as 19.02%.
HYMC Stock Price Prediction 2025
The year 2025 is expected to close with maximum price-value of $4.78 and a minimum price value of $1.19.
The average price is projected to reach $2.98 with average price volatility at 20.32%. Analysts conclude that HYMC will reach about $3.00 per share in the year.
HYMC Stock Price Prediction 2026
Technical analysis by our stock experts shows that the price of HYMC in 2026 will reach $2.36 minimum and $6.29 maximum.
Average trading price of HYMC is $4.33 and average price volatility measured at 17.30% in the year.
HYMC Stock Price Prediction 2027
Based on the prevailing positive signals for HYMC stock, the price is expected to go up to a minimum of $2.51and reaches the maximum at $8.46.
Average price is estimated at $5.48 in 2027 with average price volatility measured at 15.07%.
There is evidence that the price of HYMC will reach $5.5 per share in the year 2027, that is, 5 years to come. This means HYMC will grow by 697.10% in the next 5 years.
HYMC Stock Price Prediction 2028
We expect some significant growth this year as we set on the long term. It is expected to reach a maximum of $10.53 and a minimum of $3.08.
Average trading price of HYMC is $6.81, with about 19.30% average price volatility for the year. We conclude that HYMC stock will trade at $6.80 per share in 2028.
HYMC Stock Price Prediction 2029
We expect HYMC to maintain upward swing based on the projected long term growth. In 2029 there will be $3.38 minimum price and $11.89 maximum price.
On the average, the HYMC trading price will be $7.64 and average price volatility is measured at 15.33%. There is evidence that HYMC will reach $7.60 per share this year.
HYMC Stock Price Prediction 2030
Experts predict that HYMC Stock will attain $14.25 by the year 2030 with the minimum price value expected to hit $3.91.
Average price of HYMC is estimated at $9.08. This means HYMC stock will trade at $9.00 per share in the year 2030, with average price volatility is measured at 17.40%.
HYMC Stock Price Prediction 2031
It is estimated that HYMC stock will trade between $4.39 and $18.76 by the end of 2031
On the average, HYMC will trade at $11.57 with average Price volatility estimated at 30.81% during the year.
HYMC Stock Price Prediction 2032
In 2032, minimum projection is $5.34 with maximum price reaching $21.50. On the average, it is expected that the price of HYMC is $13.42 in 2032.
Average price volatility is measured at 21.03%. There is evidence HYMC will reach $13.00 per share in the year.
HYMC Stock Price Prediction 2033
Technical and fundamental analyses by our stock experts show that the price of HYMC in 2033 will reach $6.48 minimum and $26.90 maximum.
The expected average trading price of HYMC is $16.69 and the average price volatility is about 18.12%. We conclude that in the next 10 years HYMC stock will trade at $16.60 per share, which is about 2,218.84% increase from today’s price.
PEOPLE ALSO READ: GPOX Stock Price Forecast 2022, 2023-2033 – Expert Analysis
What Will Be The Value Of HYMC In The Next 5 Years?
HYMC stock has a long term growth prospect and may be a good ‘buy-and –hold’ so that its future appreciation can add great value to your investment.
In the next 5 years what happen to HYMC? Your $1000 investment in HYMC stock today at ($0.69 per share) will turn $7,971.01in 2027.
This means that holding $1000 shares of HYMC today will sure increase your financial future by $6,791.01 surplus in just five years.