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

United States Antimony Co. (NYSEAMERICAN:UAMY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.12, but opened at $6.49. United States Antimony shares last traded at $6.6730, with a volume of 4,787,471 shares.

Wall Street Analyst Weigh In

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

United States Antimony Trading Up 9.2%

The stock has a fifty day moving average of $8.53 and a 200-day moving average of $5.32. The firm has a market capitalization of $936.31 million, a price-to-earnings ratio of -667.20 and a beta of 0.01.

United States Antimony (NYSEAMERICAN:UAMY) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $8.70 million during the quarter. United States Antimony had a negative net margin of 15.49% and a negative return on equity of 11.58%. As a group, equities research analysts forecast that United States Antimony Co. will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at United States Antimony

In other news, CEO Gary C. Evans purchased 100,000 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were acquired at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the acquisition, the chief executive officer directly owned 2,378,818 shares of the company’s stock, valued at $14,582,154.34. The trade was 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 at this link. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United States Antimony

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAMY. Segall Bryant & Hamill LLC acquired a new stake in United States Antimony during the 3rd quarter valued at $15,384,000. Geode Capital Management LLC grew its holdings in shares of United States Antimony by 144.6% during the second quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock valued at $4,264,000 after buying an additional 1,156,021 shares in the last quarter. Vanguard Group Inc. raised its position in United States Antimony by 22.5% during the third quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock valued at $34,707,000 after buying an additional 1,026,412 shares during the period. Jump Financial LLC acquired a new position in United States Antimony during the third quarter valued at $4,305,000. Finally, Invesco Ltd. lifted its stake in United States Antimony by 739.0% in the 3rd quarter. Invesco Ltd. now owns 506,925 shares of the company’s stock worth $3,143,000 after acquiring an additional 446,503 shares in the last quarter. 9.49% of the stock is currently owned by hedge funds and other institutional investors.

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.