Investors Lose Their Mind After Hycroft Runs 2,243% And The CEO Backs Up The Truck | HYMC

Shares of Hycroft Mining (NASDAQ:HYMC) are trading at $50.27, up 2,236% over the past year, and retail investors are acting like the rally has room to run. 

This all coincides with a noticeable shift in retail investor sentiment on platforms like Reddit and X from optimistic to extremely bullish. Reddit sentiment data shows scores ranging from 72 to 90 over the past three days, with peak enthusiasm hitting 90 on January 21. The rally has pushed Hycroft’s market cap to $4.08 billion, remarkable for a company with just 56 employees and $11.5 million in trailing twelve-month revenue.

The enthusiasm centers on billionaire investor Eric Sprott, who has poured over $225 million into HYMC since June 2025. In a Reddit post on r/wallstreetbets, one user detailed Sprott’s buying pattern under the title “HYMC: Eric Sprott’s Historical YOLO/My Biggest Position,” noting he “averaged up on a 1000% gain position” and exercised 4.67 million warrants on January 13, 2026, just before adding another 200,000 shares at $33.21. The post describes this as validation: “He’s buying shares as drills are being pulled out of the ground.”

HYMC: Eric Sprott’s Historical YOLO/My Biggest Position
by u/MiningStockResearch in wallstreetbets

Why Retail Remains Bullish Despite the Run

Discussion on Reddit’s r/wallstreetbets and r/investing has intensified, with mentions spiking throughout January. A post in r/investing asked, “Has anyone been watching mining companies the last few days? HYMC blew up today 17% trading at levels we haven’t seen in a while.” Users cite three primary reasons for continued optimism:

Anyone into mining stocks?
by u/Singapore-Finance in investing

• Sprott now owns 41% of the company and continues buying, not selling, into the rally
• An upcoming mineral resource estimate expected by month-end could validate high-grade silver discoveries at the Nevada mine
• Institutional ownership sits at 82%, creating a tight float that amplifies price moves on modest volume

Fundamentals Trail Sentiment

HYMC remains unprofitable with negative EBITDA of $35.15 million and a single analyst rating of Hold with a $13 target. The company’s 69x price-to-book ratio reflects pure speculation on future production rather than current operations.

For context, VanEck Gold Miners ETF (NYSEARCA:GDX | GDX Price Prediction) is up 24% year-to-date, showing HYMC’s rally far exceeds sector performance. Investors are betting on Sprott’s track record. Whether the mineral resource update justifies the valuation remains the critical question.