United States Antimony (NYSE:UAMY) Shares Up 7.2% – Time to Buy?

United States Antimony Co. (NYSE:UAMY)’s share price traded up 7.2% on Tuesday . The company traded as high as $5.55 and last traded at $5.5760. 1,364,256 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 11,117,610 shares. The stock had previously closed at $5.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UAMY shares. HC Wainwright cut their price objective on United States Antimony from $11.75 to $9.25 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United States Antimony in a research note on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, United States Antimony presently has an average rating of “Moderate Buy” and a consensus price target of $10.12.

United States Antimony Stock Up 7.0%

The stock’s 50-day moving average price is $5.80 and its 200 day moving average price is $7.88. The firm has a market capitalization of $833.06 million, a price-to-earnings ratio of -42.88 and a beta of 0.39.

Insider Buying and Selling at United States Antimony

In related news, Director Joseph A. Carrabba bought 21,300 shares of the stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average cost of $4.72 per share, for a total transaction of $100,536.00. Following the acquisition, the director directly owned 198,401 shares in the company, valued at approximately $936,452.72. This trade represents a 12.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon R. Marinelli purchased 12,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $7.45 per share, with a total value of $93,125.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company’s stock, valued at approximately $93,125. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 75,200 shares of company stock worth $391,717 in the last quarter. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On United States Antimony

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new stake in United States Antimony in the 1st quarter valued at $31,000. Meeder Asset Management Inc. purchased a new position in shares of United States Antimony during the 4th quarter worth $35,000. Harbour Investments Inc. raised its holdings in shares of United States Antimony by 106.2% during the 4th quarter. Harbour Investments Inc. now owns 7,962 shares of the company’s stock worth $40,000 after acquiring an additional 4,101 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of United States Antimony by 17.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,892 shares of the company’s stock valued at $86,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of United States Antimony during the 3rd quarter valued at about $62,000. Institutional investors and hedge funds 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.