United States Antimony (NYSEAMERICAN:UAMY) Stock Price Down 9% – Time to Sell?

United States Antimony Co. (NYSEAMERICAN:UAMY) dropped 9% during mid-day trading on Tuesday . The company traded as low as $6.90 and last traded at $6.9350. Approximately 2,241,645 shares were traded during trading, a decline of 87% from the average daily volume of 16,615,090 shares. The stock had previously closed at $7.62.

Analysts Set New Price Targets

A number of brokerages have weighed in on UAMY. Alliance Global Partners restated a “buy” rating on shares of United States Antimony in a research note on Wednesday, February 11th. HC Wainwright restated a “buy” rating and issued a $10.25 price target on shares of United States Antimony in a research note on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $6.08.

United States Antimony Price Performance

The stock’s 50 day moving average is $7.34 and its two-hundred day moving average is $7.01.

Institutional Investors Weigh In On United States Antimony

A number of hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC bought a new stake in United States Antimony during the 4th quarter worth approximately $27,000. Nova Wealth Management Inc. boosted its stake in United States Antimony by 405.0% in the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock worth $31,000 after purchasing an additional 4,050 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of United States Antimony during the second quarter worth $33,000. Meeder Asset Management Inc. acquired a new stake in shares of United States Antimony in the fourth quarter valued at $35,000. Finally, Harbour Investments Inc. raised its holdings in shares of United States Antimony by 106.2% in the fourth quarter. Harbour Investments Inc. now owns 7,962 shares of the company’s stock valued at $40,000 after buying an additional 4,101 shares during the last quarter. 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.