United States Antimony (NYSEAMERICAN:UAMY) Stock Price Up 9% – Here’s Why

Shares of United States Antimony Co. (NYSEAMERICAN:UAMY) rose 9% during mid-day trading on Monday . The company traded as high as $10.16 and last traded at $10.05. Approximately 3,030,214 shares traded hands during trading, a decline of 79% from the average daily volume of 14,702,209 shares. The stock had previously closed at $9.22.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UAMY shares. Alliance Global Partners restated a “buy” rating on shares of United States Antimony in a research report on Wednesday, February 11th. HC Wainwright reissued a “buy” rating and issued a $10.25 target price on shares of United States Antimony in a research note on Tuesday, February 3rd. Finally, B. Riley Financial upped their price target on United States Antimony from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $8.75.

United States Antimony Price Performance

The business has a 50 day moving average of $8.63 and a 200 day moving average of $7.65. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -1,068.50 and a beta of -0.01.

Institutional Trading of United States Antimony

Hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new position in United States Antimony during the third quarter worth about $15,384,000. State Street Corp raised its position in shares of United States Antimony by 30.5% during the fourth quarter. State Street Corp now owns 7,669,026 shares of the company’s stock worth $38,499,000 after purchasing an additional 1,794,234 shares during the period. Geode Capital Management LLC raised its position 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 worth $4,264,000 after purchasing an additional 1,156,021 shares during the period. Goldman Sachs Group Inc. grew its position in shares of United States Antimony by 448.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,344,780 shares of the company’s stock valued at $6,751,000 after purchasing an additional 1,099,634 shares during the period. Finally, UBS Group AG increased its stake in United States Antimony by 416.0% during the 4th quarter. UBS Group AG now owns 1,283,636 shares of the company’s stock worth $6,444,000 after purchasing an additional 1,034,880 shares in the last quarter. 9.49% of the stock is currently owned by institutional investors and hedge funds.

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.