Hycroft Mining (HYMC) Stock Hits New 52-Week High As Fed Fight Lifts Gold

Hycroft Mining Holding Corporation (NASDAQ:HYMC) ripped to a new 52-week high Monday morning as traders piled into gold-leveraged names following an escalating clash between the White House, the Justice Department and Federal Reserve Chair Jerome Powell. Here’s what investors need to know.

• Hycroft Mining Holding shares are testing new highs. What’s driving HYMC to record levels?

Is Powell’s Leadership Under Siege?

Powell revealed that the Fed had received subpoenas and faces potential criminal charges tied to his congressional testimony, calling the move a "pretext" to influence monetary policy.

At the same time, Trump adviser Kevin Hassett publicly disputed Powell's explanation and markets began treating the situation as a live fight over who will control interest-rate policy, with betting markets sharply raising the odds that Hassett could replace Powell.

Economist Justin Wolfers described Powell as "going to war" to defend the Fed's independence and labeled the DOJ the "Department of Recriminations," underscoring the perception of institutional risk around U.S. monetary policy.

Why HYMC And Gold Rally When Uncertainty Spikes

This political pressure reduces confidence in the Fed and the dollar, pushing investors toward assets that do not depend on any government's credibility. Gold, tracked by the SPDR Gold Trust (AMEX:GLD), jumped to a record high as the dollar slid and long-term Treasury yields moved higher, signaling a search for safety and inflation protection.

HYMC offers geared exposure to rising precious-metal prices: when gold moves sharply higher, the company's in-ground reserves and future cash-flow potential are immediately repriced upward, often faster than bullion itself.

In this environment, momentum traders, hedge funds and short-covering flows can all converge on higher-beta miners like HYMC, helping propel the stock to fresh 52-week highs as investors look for outsized upside to a renewed gold bull market.

Is Hycroft Mining Set For Another Surge?

Hycroft Mining is currently trading 45.2% above its 20-day simple moving average (SMA) and 204.4% above its 100-day SMA, demonstrating strong short-term momentum. Over the past 12 months, shares have skyrocketed by 1,452.22%, positioning the stock closer to its 52-week high than its low.

The RSI is at 68.79, which is considered neutral territory, indicating that the stock is not yet overbought. Meanwhile, the MACD is above its signal line, suggesting bullish momentum for the stock.

The combination of a neutral RSI and a bullish MACD suggests mixed momentum, indicating that while there is upward pressure, caution may be warranted as the stock approaches overbought levels.

• Key Resistance: $32.00
• Key Support: $30.00

Earnings & Analyst Outlook

Investors are looking ahead to the next earnings report on March 4.

• EPS Estimate: Loss of 11 cents (Up from a loss of 50 cents YoY)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $150.00. Recent analyst moves include the following:

• BMO Capital: Upgraded to Market Perform
• BMO Capital: Initiated with Outperform
• Stifel: Initiated with Buy (Target $15.00)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Hycroft Mining, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Bullish (Score: 99.87/100) — Stock is outperforming the broader market.

The Verdict: Hycroft Mining’s Benzinga Edge signal reveals a classic “high-flyer” setup. The strong momentum score confirms the positive trend, suggesting that investors may want to capitalize on this upward movement while remaining vigilant of potential volatility.

Price Action

HYMC Price Action: Hycroft Mining Holding shares were up 24.25% at $33.71 at the time of publication on Monday, according to Benzinga Pro data.

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