United States Antimony (NYSE:UAMY) Shares Gap Up – Here’s Why

United States Antimony Co. (NYSE:UAMY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $7.44, but opened at $7.75. United States Antimony shares last traded at $7.9960, with a volume of 1,847,197 shares traded.

Analyst Ratings Changes

Several research analysts have commented on UAMY shares. B. Riley Financial lifted their price objective on shares of United States Antimony from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Weiss Ratings started coverage on shares of United States Antimony in a research note on Friday, March 20th. They set a “sell (d-)” rating for the company. Alliance Global Partners reaffirmed a “buy” rating on shares of United States Antimony in a research note on Wednesday, February 11th. Finally, HC Wainwright lifted their price objective on shares of United States Antimony from $11.50 to $11.75 and gave the stock a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, United States Antimony has an average rating of “Moderate Buy” and a consensus target price of $9.25.

United States Antimony Stock Up 14.0%

The firm’s 50 day simple moving average is $9.68 and its 200 day simple moving average is $8.15. The company has a market capitalization of $1.26 billion, a PE ratio of -65.15 and a beta of 0.43.

United States Antimony (NYSE:UAMY) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $13.03 million during the quarter, compared to analyst estimates of $11.75 million. United States Antimony had a negative net margin of 41.44% and a negative return on equity of 7.20%. As a group, sell-side analysts predict that United States Antimony Co. will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. KBC Group NV bought a new position in shares of United States Antimony in the first quarter worth about $31,000. CoreCap Advisors LLC bought a new position in shares of United States Antimony in the fourth quarter worth about $27,000. Meeder Asset Management Inc. bought a new position in shares of United States Antimony in the fourth quarter worth about $35,000. Harbour Investments Inc. grew its holdings in shares of United States Antimony by 106.2% in the fourth quarter. Harbour Investments Inc. now owns 7,962 shares of the company’s stock worth $40,000 after purchasing an additional 4,101 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of United States Antimony by 17.9% in the first quarter. Geneos Wealth Management Inc. now owns 9,892 shares of the company’s stock worth $86,000 after purchasing an additional 1,500 shares during the last quarter. 9.49% of the stock is currently owned by institutional investors.

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.