United States Antimony (NYSEAMERICAN:UAMY) Stock Price Up 9.9% – Here’s Why

Shares of United States Antimony Co. (NYSEAMERICAN:UAMY) were up 9.9% during trading on Thursday . The stock traded as high as $5.72 and last traded at $5.8480. Approximately 3,055,162 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 7,008,271 shares. The stock had previously closed at $5.32.

Analyst Ratings Changes

UAMY has been the subject of several recent research reports. HC Wainwright raised their target price on shares of United States Antimony from $8.50 to $10.25 and gave the stock a “buy” rating in a report on Thursday, November 13th. D. Boral Capital restated a “buy” rating and issued a $5.00 price objective on shares of United States Antimony in a research report on Thursday, August 14th. Finally, William Blair initiated coverage on shares of United States Antimony in a report on Monday, October 20th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $6.08.

United States Antimony Stock Performance

The firm’s 50 day simple moving average is $8.54 and its 200-day simple moving average is $5.31. The company has a market cap of $835.34 million, a price-to-earnings ratio of -596.60 and a beta of 0.01.

United States Antimony (NYSEAMERICAN:UAMY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.04) earnings per share 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. As a group, sell-side analysts expect that United States Antimony Co. will post -0.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Gary C. Evans purchased 100,000 shares of the company’s stock in a transaction dated Friday, September 26th. The stock was acquired at an average cost of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,378,818 shares of the company’s stock, valued at approximately $14,582,154.34. This trade represents a 4.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is owned by company insiders.

Institutional Trading of United States Antimony

Several hedge funds have recently made changes to their positions in UAMY. Penn Capital Management Company LLC acquired a new position in shares of United States Antimony in the third quarter valued at approximately $329,000. Wexford Capital LP purchased a new stake in shares of United States Antimony during the third quarter worth $1,979,000. Numerai GP LLC acquired a new stake in shares of United States Antimony in the third quarter valued at $131,000. Millennium Management LLC grew its stake in United States Antimony by 198.7% during the 3rd quarter. Millennium Management LLC now owns 242,885 shares of the company’s stock worth $1,506,000 after purchasing an additional 161,569 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in United States Antimony during the 3rd quarter worth about $1,860,000. Institutional investors and hedge funds own 9.49% of the company’s stock.

About United States Antimony

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.