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

United States Antimony Co. (NYSEAMERICAN:UAMY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $10.85, but opened at $11.92. United States Antimony shares last traded at $10.0010, with a volume of 6,212,828 shares.

Analysts Set New Price Targets

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

United States Antimony Stock Performance

The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -935.50 and a beta of -0.01. The business has a 50-day simple moving average of $6.56 and a two-hundred day simple moving average of $6.41.

United States Antimony (NYSEAMERICAN:UAMY) last announced its earnings results on Wednesday, November 12th. The company reported ($0.04) EPS for the quarter. United States Antimony had a negative return on equity of 11.58% and a negative net margin of 15.49%.The business had revenue of $8.70 million for the quarter. On average, 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

A number of hedge funds have recently made changes to their positions in UAMY. CoreCap Advisors LLC bought a new stake in United States Antimony in the 4th quarter valued at $27,000. Nova Wealth Management Inc. lifted its stake 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 buying an additional 4,050 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of United States Antimony during the 2nd quarter worth about $33,000. ProShare Advisors LLC bought a new stake in shares of United States Antimony during the 2nd quarter worth about $41,000. Finally, Penbrook Management LLC acquired a new position in United States Antimony in the 2nd quarter valued at about $44,000. 9.49% of the stock is owned by institutional investors and hedge funds.

About United States Antimony

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.