United States Antimony (NYSEAMERICAN:UAMY) Stock Price Down 7.2% – Time to Sell?

United States Antimony Co. (NYSEAMERICAN:UAMY)’s share price was down 7.2% during mid-day trading on Tuesday . The stock traded as low as $7.95 and last traded at $7.9540. Approximately 5,232,868 shares were traded during trading, a decline of 63% from the average daily volume of 14,256,887 shares. The stock had previously closed at $8.57.

Analysts Set New Price Targets

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

United States Antimony Stock Down 8.1%

The stock’s 50-day moving average price is $6.28 and its 200 day moving average price is $5.98. The company has a market cap of $1.10 billion, a P/E ratio of -786.90 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%. Analysts expect that United States Antimony Co. will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of United States Antimony

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nova Wealth Management Inc. increased its holdings in shares of United States Antimony by 405.0% during the 3rd quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock worth $31,000 after purchasing an additional 4,050 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of United States Antimony during the 2nd quarter worth approximately $33,000. ProShare Advisors LLC bought a new stake in shares of United States Antimony during the second quarter valued at approximately $41,000. Penbrook Management LLC acquired a new position in shares of United States Antimony in the second quarter valued at $44,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of United States Antimony in the second quarter valued at $47,000. 9.49% of the stock is currently owned by institutional investors and hedge funds.

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.