United States Antimony (NYSEAMERICAN:UAMY) Shares Down 6.6% – Here’s Why

Shares of United States Antimony Co. (NYSEAMERICAN:UAMY) dropped 6.6% during mid-day trading on Monday . The stock traded as low as $5.74 and last traded at $5.8260. Approximately 4,332,958 shares traded hands during trading, a decline of 39% from the average daily volume of 7,149,550 shares. The stock had previously closed at $6.24.

Wall Street Analysts Forecast Growth

UAMY has been the subject of a number of research analyst reports. HC Wainwright upped their target price on shares of United States Antimony from $8.50 to $10.25 and gave the stock a “buy” rating in a research note on Thursday, November 13th. William Blair initiated coverage on United States Antimony in a research note on Monday, October 20th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, United States Antimony currently has an average rating of “Buy” and a consensus target price of $6.08.

United States Antimony Trading Down 9.5%

The company has a market capitalization of $790.53 million, a price-to-earnings ratio of -564.50 and a beta of 0.01. The stock’s 50 day moving average price is $7.10 and its 200 day moving average price is $5.69.

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

Institutional Investors Weigh In On United States Antimony

Several large investors have recently made changes to their positions in UAMY. Nova Wealth Management Inc. raised its position in United States Antimony by 405.0% during the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock worth $31,000 after acquiring an additional 4,050 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of United States Antimony during the 3rd quarter worth about $49,000. Focus Partners Wealth acquired a new position in shares of United States Antimony during the 3rd quarter worth about $62,000. Jones Financial Companies Lllp raised its holdings in shares of United States Antimony by 28.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 10,130 shares of the company’s stock valued at $63,000 after purchasing an additional 2,223 shares during the period. Finally, Evernest Financial Advisors LLC acquired a new stake in United States Antimony in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 9.49% of the company’s stock.

United States Antimony Company Profile

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.