United States Antimony (NYSEAMERICAN:UAMY) Shares Gap Up – Still a Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.93, but opened at $6.40. United States Antimony shares last traded at $6.7760, with a volume of 4,203,445 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. HC Wainwright upped their target price on shares of United States Antimony from $8.50 to $10.25 and gave the stock a “buy” rating in a research note on Thursday, November 13th. William Blair began coverage on shares of United States Antimony in a report on Monday, October 20th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $6.08.

United States Antimony Stock Performance

The business has a 50 day moving average of $6.28 and a two-hundred day moving average of $5.84. The stock has a market capitalization of $1.10 billion, a PE ratio of -784.00 and a beta of -0.01.

United States Antimony (NYSEAMERICAN:UAMY) last announced its earnings results on Wednesday, November 12th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $8.70 million during the quarter. United States Antimony had a negative return on equity of 11.58% and a negative net margin of 15.49%. On average, equities analysts expect that United States Antimony Co. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On United States Antimony

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of United States Antimony by 22.5% during the third quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock worth $34,707,000 after purchasing an additional 1,026,412 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of United States Antimony during the third quarter valued at about $15,384,000. Truist Financial Corp raised its position in shares of United States Antimony by 6.0% in the 3rd quarter. Truist Financial Corp now owns 2,151,318 shares of the company’s stock valued at $13,338,000 after purchasing an additional 122,500 shares during the last quarter. Geode Capital Management LLC raised its position in shares of United States Antimony by 144.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock valued at $4,264,000 after purchasing an additional 1,156,021 shares during the last quarter. Finally, Soviero Asset Management LP boosted its stake in United States Antimony by 52.9% in the 3rd quarter. Soviero Asset Management LP now owns 780,000 shares of the company’s stock worth $4,836,000 after purchasing an additional 270,000 shares in the last quarter. 9.49% of the stock is owned by hedge funds and other institutional investors.

United States Antimony Company Profile

United States Antimony Corporation is a specialized mining and chemical company focused primarily on the production and processing of antimony and antimony-based compounds. The company operates its own extraction and milling facilities to recover antimony metal and antimony trioxide, which serve as critical raw materials in industries such as flame retardants for plastics and textiles, catalysts for chemical processes, and additives for glass and ceramics. In addition to antimony, United States Antimony maintains smaller-scale gold and silver operations in Mexico that provide supplementary revenue streams and diversification of its mineral portfolio.

Founded in the mid-20th century, United States Antimony has evolved from a single‐mine operator into a multinational enterprise with mining and processing sites in both the United States and Mexico.