579,677 Shares of United States Antimony Co. $UAMY Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 579,677 shares of United States Antimony in the second quarter, worth approximately $4.21 million and representing about 0.39% of the company. Institutional investors collectively own 9.49% of UAMY.
• Analyst sentiment remains generally positive, with four Buy ratings and one Sell rating; the average price target is $10.12, although HC Wainwright reduced its target to $9.25.
• Company insiders purchased 62,700 shares worth about $298,592 over the past quarter, while UAMY shares opened at $4.29—near their one-year low of $4.26 and well below the one-year high of $19.71.

Bank of America Corp DE acquired a new position in shares of United States Antimony Co. (NYSE:UAMY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 579,677 shares of the company's stock, valued at approximately $4,208,000. Bank of America Corp DE owned approximately 0.39% of United States Antimony at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Jupiter Topco LLC purchased a new position in shares of United States Antimony during the 2nd quarter valued at approximately $399,000. Legal & General Group Plc bought a new stake in shares of United States Antimony in the second quarter worth $527,000. The Manufacturers Life Insurance Company bought a new stake in shares of United States Antimony in the second quarter worth $253,000. Visionary Wealth Advisors acquired a new stake in United States Antimony in the second quarter valued at $157,000. Finally, Sanctuary Advisors LLC acquired a new stake in United States Antimony in the second quarter valued at $121,000. Hedge funds and other institutional investors own 9.49% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. HC Wainwright decreased 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 report on Wednesday, August 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of United States Antimony in a research note 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 stock. According to data from MarketBeat.com, United States Antimony currently has an average rating of "Moderate Buy" and an average price target of $10.12.

Insider Activity

In other news, EVP Lloyd EVP, Chief Mining Officer, & Director acquired 20,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average cost of $4.63 per share, for a total transaction of $92,600.00. Following the transaction, the executive vice president directly owned 932,881 shares in the company, valued at $4,319,239.03. This trade represents a 2.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph A. Carrabba acquired 21,300 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $4.72 per share, for a total transaction of $100,536.00. Following the completion of the transaction, the director owned 198,401 shares in the company, valued at $936,452.72. The trade was a 12.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 62,700 shares of company stock valued at $298,592. 5.50% of the stock is currently owned by company insiders.

United States Antimony Stock Performance

NYSE UAMY opened at $4.29 on Tuesday. United States Antimony Co. has a one year low of $4.26 and a one year high of $19.71. The company has a 50-day simple moving average of $5.26 and a 200-day simple moving average of $7.43. The firm has a market capitalization of $641.48 million, a PE ratio of -32.97 and a beta of 0.39.

United States Antimony Profile

United States Antimony Corporation, also known as US Antimony, is a materials company focused primarily on the production and sale of antimony products. Its product portfolio includes antimony oxide and antimony metal, which are used in applications such as flame retardants, pigments, ceramics, glass, and metal alloys.

The company also produces precious metals and operates in the zeolite market through its Bear River Zeolite business. Zeolite products are used in areas including water treatment, filtration, animal nutrition, agriculture, and industrial applications.

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