Hycroft Mining Holding Corporation
HYMC Basic Materials Gold
In the quarter to June 2026, EPS grew 46.5% and free cash flow fell 40.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Hycroft Mining Holding Corporation (HYMC) Altman Z-score
Hycroft Mining Holding Corporation's Altman Z-score for fiscal 2022 is −3.38, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2022 | −3.38 | 0.66 |
| FY2022 | −4.04 | 2.96 |
| FY2021 | −7.00 | 0.58 |
| FY2021 | −7.59 | (4.61) |
| FY2020 | −2.97 | 0.88 |
| FY2020 | −3.85 | 6.23 |
| FY2019 | −10.08 | — |
How fiscal 2022’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.56 | — | 0.68 | |
| Retained earnings / total assets | (2.69) | — | −3.77 | |
| EBIT / total assets | (0.21) | — | −0.71 | |
| Market value of equity / total liabilities | 0.49 | — | 0.29 | |
| Sales / total assets | 0.13 | — | 0.13 | |
| Altman Z-score | Distress zone | −3.38 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −6.16 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| DRD DRDGOLD Limited compare | 6.4× |
| FSM Fortuna Mining Corp. compare | 4.4× |
| AAUC Allied Gold Corporation compare | 1.8× |
| IAUX i-80 Gold Corp. compare | 0.2× |
| OGG Osisko Gold Group Inc. compare | 0.0× |
| HYMC Hycroft Mining Holding Corporation | −3.4× |
| DC Dakota Gold Corp. compare | — |
| NG Novagold Resources Inc. compare | — |
| CNL Collective Mining Ltd. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets