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

United States Antimony Co. (NYSE:UAMY) gapped up prior to trading on Wednesday . The stock had previously closed at $7.44, but opened at $7.75. United States Antimony shares last traded at $7.9960, with a volume of 1,847,197 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UAMY shares. B. Riley Financial upped their price target on shares of United States Antimony from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Weiss Ratings began coverage on shares of United States Antimony in a report on Friday, March 20th. They set a “sell (d-)” rating on the stock. Alliance Global Partners reiterated a “buy” rating on shares of United States Antimony in a report on Wednesday, February 11th. Finally, HC Wainwright increased their target price on shares of United States Antimony from $11.50 to $11.75 and gave the stock a “buy” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

United States Antimony Stock Performance

The company’s fifty day simple moving average is $9.68 and its 200-day simple moving average is $8.15. The company has a market capitalization of $1.26 billion, a P/E ratio of -65.15 and a beta of 0.43.

United States Antimony (NYSE:UAMY) last issued its earnings results on Thursday, March 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). United States Antimony had a negative net margin of 41.44% and a negative return on equity of 7.20%. The company had revenue of $13.03 million for the quarter, compared to analysts’ expectations of $11.75 million. On average, sell-side analysts predict that United States Antimony Co. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC purchased a new stake in shares of United States Antimony during the fourth quarter valued at about $27,000. KBC Group NV purchased a new stake in shares of United States Antimony during the first quarter valued at about $31,000. Raymond James Financial Inc. purchased a new stake in shares of United States Antimony during the second quarter valued at about $33,000. Meeder Asset Management Inc. purchased a new stake in shares of United States Antimony during the fourth quarter valued at about $35,000. Finally, Harbour Investments Inc. lifted its position in shares of United States Antimony by 106.2% during 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. 9.49% of the stock is currently owned by institutional investors.

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.