United States Antimony (NYSE:UAMY) Shares Up 7.2% – Here’s Why

United States Antimony Co. (NYSE:UAMY)’s stock price rose 7.2% during trading on Tuesday . The company traded as high as $6.38 and last traded at $6.3990. 1,644,693 shares changed hands during trading, a decline of 87% from the average daily volume of 12,386,301 shares. The stock had previously closed at $5.97.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of United States Antimony in a research report on Wednesday, June 17th. HC Wainwright upped their target price on shares of United States Antimony from $11.50 to $11.75 and gave the company a “buy” rating in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.25.

United States Antimony Stock Up 6.4%

The firm has a market cap of $941.60 million, a price-to-earnings ratio of -49.04 and a beta of 0.35. The firm has a fifty day moving average price of $8.21 and a 200-day moving average price of $8.53.

Insider Buying and Selling

In other United States Antimony news, Director Jon R. Marinelli purchased 12,500 shares of the stock in a transaction on Monday, June 15th. The stock was bought at an average price of $7.45 per share, for a total transaction of $93,125.00. Following the acquisition, the director directly owned 12,500 shares of the company’s stock, valued at $93,125. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On United States Antimony

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of United States Antimony by 108.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 265,547 shares of the company’s stock valued at $1,646,000 after buying an additional 138,454 shares during the period. Miller Global Investments LLC purchased a new position in shares of United States Antimony in the 4th quarter worth $862,000. McGowan Group Asset Management Inc. acquired a new position in United States Antimony in the fourth quarter valued at $2,216,000. Faithward Advisors LLC boosted its holdings in United States Antimony by 60.1% in the first quarter. Faithward Advisors LLC now owns 375,718 shares of the company’s stock valued at $3,280,000 after acquiring an additional 141,040 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in United States Antimony during the fourth quarter valued at about $945,000. 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.