United States Antimony (NYSE:UAMY) Stock Price Target Lowered at HC Wainwright

United States Antimony (NYSE:UAMY) had its target price reduced by HC Wainwright from $9.25 to $6.50 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright‘s price objective suggests a potential upside of 121.77% from the stock’s current price.

A number of other research analysts have also recently commented on UAMY. Weiss Ratings reissued a “sell (d-)” rating on shares of United States Antimony in a research report on Monday, September 14th. Texas Capital raised shares of United States Antimony to a “strong-buy” rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, United States Antimony presently has a consensus rating of “Moderate Buy” and an average target price of $8.75.

United States Antimony Stock Performance

United States Antimony stock opened at $2.93 on Friday. The stock’s 50 day moving average price is $3.81 and its 200 day moving average price is $6.93. The firm has a market capitalization of $438.68 million, a PE ratio of -22.55 and a beta of 0.49. United States Antimony has a one year low of $2.53 and a one year high of $12.64.

United States Antimony (NYSE:UAMY) last released its quarterly earnings results on Thursday, November 12th. The company reported ($0.06) earnings per share for the quarter. United States Antimony had a negative return on equity of 5.29% and a negative net margin of 44.60%. The company had revenue of $10.13 million during the quarter. On average, analysts forecast that United States Antimony will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Carrabba purchased 21,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average cost of $4.72 per share, with a total value of $100,536.00. Following the completion of the acquisition, the director directly owned 198,401 shares of the company’s stock, valued at approximately $936,452.72. The trade was a 12.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary Evans acquired 20,000 shares of United States Antimony stock in a transaction on Friday, August 28th. The shares were bought at an average price of $4.92 per share, for a total transaction of $98,400.00. Following the completion of the purchase, the chief executive officer directly owned 2,590,028 shares in the company, valued at $12,742,937.76. The trade was a 0.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 62,700 shares of company stock worth $298,592. Insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On United States Antimony

A number of institutional investors have recently modified their holdings of UAMY. BlackRock Inc. bought a new stake in United States Antimony in the second quarter valued at about $82,365,000. Bank of America Corp DE bought a new position in United States Antimony during the 2nd quarter worth approximately $4,208,000. Bank of New York Mellon Corp acquired a new position in shares of United States Antimony in the 2nd quarter worth approximately $2,871,000. Orchard Capital Management LLC acquired a new position in shares of United States Antimony in the 2nd quarter worth approximately $2,230,000. Finally, Fifth Third Bancorp increased its holdings in shares of United States Antimony by 23.8% in the 3rd quarter. Fifth Third Bancorp now owns 494,996 shares of the company’s stock valued at $2,064,000 after acquiring an additional 95,216 shares during the last quarter. Institutional investors and hedge funds own 9.49% of the company’s stock.

About United States Antimony

United States Antimony Corporation mines, processes and sells antimony and related products. Its offerings include antimony oxide, antimony metal and sodium antimonate, materials used in a range of industrial applications. The company also produces zeolite through its Bear River Zeolite operations in Idaho. Zeolite products are used in applications such as water treatment, agriculture and odor control. Founded in 1968, United States Antimony has processing operations in Montana and Mexico, as well as zeolite operations in Idaho.