United States Antimony (NYSE:UAMY) Hits New 52-Week High – Still a Buy?

United States Antimony Co. (NYSE:UAMY) hit a new 52-week high on Thursday . The company traded as high as $10.04 and last traded at $9.52, with a volume of 21825035 shares changing hands. The stock had previously closed at $8.70.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UAMY. HC Wainwright boosted their target price on shares of United States Antimony from $4.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, September 26th. D. Boral Capital restated a “buy” rating and issued a $5.00 price target on shares of United States Antimony in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $4.38.

United States Antimony Stock Performance

The firm’s 50-day moving average price is $5.50 and its two-hundred day moving average price is $3.75. The company has a quick ratio of 5.84, a current ratio of 6.24 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.60 billion, a PE ratio of -305.25 and a beta of -0.10.

Insider Activity

In other United States Antimony news, CEO Gary C. Evans purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were purchased at an average cost of $6.13 per share, with a total value of $613,000.00. Following the completion of the transaction, the chief executive officer owned 2,378,818 shares of the company’s stock, valued at approximately $14,582,154.34. This represents a 4.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On United States Antimony

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

United States Antimony Company Profile

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.