United States Antimony (NYSEAMERICAN:UAMY) Shares Up 7.6% – Time to Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY) shares rose 7.6% during mid-day trading on Tuesday . The company traded as high as $8.66 and last traded at $8.4610. Approximately 1,895,756 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 17,567,297 shares. The stock had previously closed at $7.86.

Analysts Set New Price Targets

UAMY has been the subject of a number of recent research reports. William Blair assumed coverage on United States Antimony in a research report on Monday, October 20th. They issued an “outperform” rating for the company. HC Wainwright restated a “buy” rating and issued a $10.25 price objective on shares of United States Antimony in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $6.08.

United States Antimony Stock Performance

The stock has a market capitalization of $1.22 billion, a P/E ratio of -878.50 and a beta of 0.10. The stock has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $6.65.

United States Antimony (NYSEAMERICAN:UAMY) last announced its quarterly 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 during the quarter. Equities analysts anticipate that United States Antimony Co. will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. lifted its stake in shares of United States Antimony by 405.0% in the third 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 in the last quarter. CoreCap Advisors LLC purchased a new stake in United States Antimony during the 4th quarter valued at $27,000. Geneos Wealth Management Inc. bought a new stake in shares of United States Antimony in the 3rd quarter worth $49,000. Focus Partners Wealth bought a new position in shares of United States Antimony during the third quarter valued at $62,000. Finally, Jones Financial Companies Lllp boosted its position in shares of United States Antimony by 28.1% during the third quarter. Jones Financial Companies Lllp now owns 10,130 shares of the company’s stock valued at $63,000 after buying an additional 2,223 shares during the last quarter. Hedge funds and other institutional investors own 9.49% of the company’s stock.

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.