United States Antimony (NYSE:UAMY) Upgraded at Texas Capital

Key Points

• Texas Capital upgraded United States Antimony to “strong buy.” The stock has a consensus “Moderate Buy” rating and an average price target of $10.12, despite mixed analyst views.
• UAMY shares fell 3.5% to open at $3.73, near the company’s 52-week low of $3.65. The stock’s 50-day and 200-day moving averages were $5.04 and $7.11, respectively.
• Insiders and institutions have been accumulating shares. Insiders bought 62,700 shares worth $298,592 over the past three months, while BlackRock and other institutions established new positions; institutional ownership stands at 9.49%.

United States Antimony (NYSE:UAMY - Get Free Report) was upgraded by research analysts at Texas Capital to a "strong-buy" rating in a research note issued on Wednesday, Zacks reports.

A number of other research firms have also recently issued reports on UAMY. HC Wainwright lowered their target price 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 Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.12.

United States Antimony Trading Down 3.5%

NYSE:UAMY opened at $3.73 on Wednesday. United States Antimony has a 1 year low of $3.65 and a 1 year high of $19.71. The stock has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $7.11. The stock has a market cap of $557.52 million, a price-to-earnings ratio of -28.65 and a beta of 0.38.

Insider Buying and Selling

In other news, EVP Lloyd EVP, Chief Mining Officer, & Director bought 20,000 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were purchased at an average price of $4.63 per share, for a total transaction of $92,600.00. Following the purchase, the executive vice president owned 932,881 shares of the company's stock, valued at approximately $4,319,239.03. The trade was a 2.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Carrabba purchased 21,300 shares of United States Antimony stock in a transaction 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 transaction, the director owned 198,401 shares in the company, valued at approximately $936,452.72. The trade was a 12.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 62,700 shares of company stock worth $298,592. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in United States Antimony during the second quarter valued at approximately $82,365,000. Bank of America Corp DE acquired a new position in shares of United States Antimony during the 2nd quarter worth approximately $4,208,000. Next Century Growth Investors LLC bought a new stake in shares of United States Antimony during the 4th quarter worth approximately $2,412,000. Bank of New York Mellon Corp bought a new stake in shares of United States Antimony during the 2nd quarter worth approximately $2,871,000. Finally, Orchard Capital Management LLC acquired a new stake in shares of United States Antimony in the 2nd quarter valued at approximately $2,230,000. Institutional investors own 9.49% of the company's stock.

About United States Antimony

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.

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