Van ECK Associates Corp Sells 1,809,827 Shares of United States Antimony Co. $UAMY

Van ECK Associates Corp lessened its position in United States Antimony Co. (NYSE:UAMY) by 17.5% in the second quarter, HoldingsChannel reports. The fund owned 8,559,868 shares of the company’s stock after selling 1,809,827 shares during the quarter. Van ECK Associates Corp owned approximately 0.06% of United States Antimony worth $62,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of United States Antimony during the second quarter worth approximately $82,365,000. State Street Corp lifted its holdings in shares of United States Antimony by 30.5% in the 4th 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 in the last quarter. Vanguard Group Inc. grew its position in United States Antimony by 22.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock valued at $34,707,000 after purchasing an additional 1,026,412 shares during the period. Geode Capital Management LLC grew its position in United States Antimony by 22.3% in the 4th quarter. Geode Capital Management LLC now owns 2,655,922 shares of the company’s stock valued at $13,336,000 after purchasing an additional 484,172 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in United States Antimony by 448.6% during 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 in the last quarter. Institutional investors own 9.49% of the company’s stock.

Analyst Ratings Changes

UAMY has been the topic of several research reports. HC Wainwright lowered their price objective on shares of United States Antimony from $11.75 to $9.25 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of United States Antimony in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating and one has issued 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 $10.12.

United States Antimony Stock Down 5.8%

Shares of United States Antimony stock opened at $4.86 on Friday. The company has a market cap of $727.40 million, a PE ratio of -37.38 and a beta of 0.39. United States Antimony Co. has a 52 week low of $4.14 and a 52 week high of $19.71. The business has a 50 day moving average price of $6.03 and a 200-day moving average price of $7.99.

Insider Activity at United States Antimony

In related news, Director Jon R. Marinelli purchased 12,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $7.45 per share, for a total transaction of $93,125.00. Following the completion of the acquisition, the director owned 12,500 shares of the company’s stock, valued at $93,125. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary C. Evans purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average price of $4.92 per share, with a total value of $98,400.00. Following the acquisition, the chief executive officer directly owned 2,590,028 shares of the company’s stock, valued at $12,742,937.76. This represents a 0.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.50% of the stock is owned by insiders.

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.