United States Antimony (NYSEAMERICAN:UAMY) Shares Gap Down – Here’s Why

Shares of United States Antimony Co. (NYSEAMERICAN:UAMY) gapped down before the market opened on Monday . The stock had previously closed at $8.61, but opened at $8.27. United States Antimony shares last traded at $8.2310, with a volume of 2,248,298 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on UAMY shares. William Blair began coverage on shares of United States Antimony in a research report on Monday, October 20th. They issued an “outperform” rating on the stock. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of United States Antimony in a research note on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $6.08.

United States Antimony Trading Down 3.7%

The stock has a market capitalization of $1.16 billion, a P/E ratio of -829.00 and a beta of 0.10. The business has a fifty day simple moving average of $7.05 and a 200 day simple moving average of $6.78.

United States Antimony (NYSEAMERICAN:UAMY) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $8.70 million during the quarter. United States Antimony had a negative net margin of 15.49% and a negative return on equity of 11.58%. As a group, research analysts forecast that United States Antimony Co. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On United States Antimony

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Penbrook Management LLC purchased a new position in shares of United States Antimony in the second quarter worth about $44,000. Soviero Asset Management LP lifted its stake in United States Antimony by 180.2% during the 2nd quarter. Soviero Asset Management LP now owns 510,000 shares of the company’s stock worth $1,112,000 after acquiring an additional 328,000 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in United States Antimony during the 3rd quarter worth about $713,000. Police & Firemen s Retirement System of New Jersey purchased a new position in United States Antimony in the second quarter valued at approximately $47,000. Finally, Lisanti Capital Growth LLC purchased a new position in shares of United States Antimony during the third quarter worth about $811,000. Hedge funds and other institutional investors own 9.49% of the company’s stock.

About United States Antimony

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.