Bank of New York Mellon Corp Invests $2.87 Million in United States Antimony Co. $UAMY

Key Points

• Bank of New York Mellon bought 395,398 shares of United States Antimony, valued at approximately $2.87 million, giving it a 0.27% stake.
• Institutional ownership activity was broadly positive, with State Street, Geode Capital, Goldman Sachs, UBS, and Vanguard all increasing their positions. Institutional investors and hedge funds collectively own 9.49% of UAMY.
• UAMY shares opened at $5.23, well below their 52-week high of $19.71. Analysts maintain a “Moderate Buy” consensus with an average price target of $10.12, while insiders have purchased 75,200 shares worth about $391,717 over the past 90 days.

Bank of New York Mellon Corp purchased a new stake in United States Antimony Co. (NYSE:UAMY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 395,398 shares of the company's stock, valued at approximately $2,871,000. Bank of New York Mellon Corp owned 0.27% of United States Antimony as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of United States Antimony by 30.5% during the fourth quarter. State Street Corp now owns 7,669,026 shares of the company's stock worth $38,499,000 after purchasing an additional 1,794,234 shares during the period. Geode Capital Management LLC grew its position in shares of United States Antimony by 144.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company's stock valued at $4,264,000 after purchasing an additional 1,156,021 shares during the period. Goldman Sachs Group Inc. increased its stake in United States Antimony by 448.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,344,780 shares of the company's stock worth $6,751,000 after purchasing an additional 1,099,634 shares in the last quarter. UBS Group AG increased its stake in United States Antimony by 416.0% during the 4th quarter. UBS Group AG now owns 1,283,636 shares of the company's stock worth $6,444,000 after purchasing an additional 1,034,880 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in United States Antimony by 22.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company's stock worth $34,707,000 after buying an additional 1,026,412 shares during the period. 9.49% of the stock is owned by institutional investors and hedge funds.

United States Antimony Stock Performance

NYSE:UAMY opened at $5.23 on Monday. The stock has a 50-day simple moving average of $5.83 and a 200 day simple moving average of $7.89. United States Antimony Co. has a 52-week low of $4.26 and a 52-week high of $19.71. The company has a market cap of $782.77 million, a PE ratio of -40.23 and a beta of 0.39.

Analyst Ratings Changes

A number of brokerages have weighed in on UAMY. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of United States Antimony in a research note on Wednesday, June 17th. 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. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $10.12.

Insider Transactions at United States Antimony

In other United States Antimony news, Director Joseph Carrabba purchased 21,300 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was bought at an average cost of $4.72 per share, with a total value of $100,536.00. Following the purchase, the director directly owned 198,401 shares of the company's stock, valued at $936,452.72. The trade was a 12.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lloyd Bardswich acquired 20,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average price of $4.63 per share, for a total transaction of $92,600.00. Following the completion of the acquisition, the executive vice president directly owned 932,881 shares of the company's stock, valued at $4,319,239.03. The trade was a 2.19% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 75,200 shares of company stock worth $391,717. Insiders own 5.50% of the company's stock.

United States Antimony Company Profile

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.

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