United States Antimony (NYSE:UAMY) Reaches New 1-Year Low – Here’s What Happened

United States Antimony Co. (NYSE:UAMY) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $3.98 and last traded at $4.01, with a volume of 95681 shares traded. The stock had previously closed at $3.99.

Analysts Set New Price Targets

Several research analysts have commented on the stock. HC Wainwright lowered their price objective on shares of United States Antimony from $11.75 to $9.25 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United States Antimony in a report on Monday, September 14th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.12.

United States Antimony Price Performance

The business’s fifty day moving average price is $5.09 and its 200 day moving average price is $7.18. The stock has a market cap of $596.43 million, a P/E ratio of -30.65 and a beta of 0.38.

Insider Buying and Selling

In related news, CEO Gary Evans acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of $4.92 per share, with a total value of $98,400.00. Following the purchase, the chief executive officer directly owned 2,590,028 shares in the company, valued at approximately $12,742,937.76. This trade represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Carrabba bought 21,300 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $4.72 per share, for a total transaction of $100,536.00. Following the transaction, the director directly owned 198,401 shares of the company’s stock, valued at approximately $936,452.72. This represents a 12.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 62,700 shares of company stock worth $298,592 in the last three months. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UAMY. Bank of New York Mellon Corp bought a new stake in shares of United States Antimony during the second quarter worth about $2,871,000. BlackRock Inc. bought a new position in United States Antimony in the 2nd quarter valued at approximately $82,365,000. Bank of America Corp DE bought a new position in United States Antimony in the 2nd quarter valued at approximately $4,208,000. Orchard Capital Management LLC acquired a new stake in United States Antimony during the 2nd quarter worth approximately $2,230,000. Finally, Faithward Advisors LLC acquired a new stake in United States Antimony during the 4th quarter worth approximately $1,178,000. 9.49% of the stock is currently owned by institutional investors.

United States Antimony Company Profile

United States Antimony Corporation, through its subsidiaries, produces and sells antimony, precious metals and related specialty materials. Its products include antimony oxide, antimony metal, sodium antimonate and other antimony compounds used in applications such as flame retardants, ceramics, glass, pigments, batteries and other industrial products.

The company also processes and refines antimony-bearing materials and recovers precious metals from selected raw materials and recyclable sources.