BlackRock Inc. Buys New Shares in United States Antimony Co. $UAMY

Key Points

• BlackRock purchased 11.35 million shares of United States Antimony in the second quarter, worth approximately $82.4 million and representing a 7.66% stake. Other major institutions, including State Street, Geode, Goldman Sachs, UBS and Vanguard, also increased their positions.
• UAMY opened at $4.86, with a market capitalization of about $727 million, after trading between $4.14 and $19.71 over the past year. The stock’s 50-day and 200-day moving averages were $6.03 and $7.99, respectively.
• Analyst sentiment is “Moderate Buy,” with four Buy ratings and one Sell rating and an average price target of $10.12. Company insiders also made purchases, including CEO Gary C. Evans, who bought 20,000 shares at an average price of $4.92.

BlackRock Inc. purchased a new position in shares of United States Antimony Co. (NYSE:UAMY - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 11,345,023 shares of the company's stock, valued at approximately $82,365,000. BlackRock Inc. owned 7.66% of United States Antimony at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UAMY. State Street Corp grew its stake in 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 increased its position in 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 buying an additional 1,156,021 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of United States Antimony by 448.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,344,780 shares of the company's stock valued at $6,751,000 after acquiring an additional 1,099,634 shares in the last quarter. UBS Group AG raised its holdings in United States Antimony by 416.0% during the fourth quarter. UBS Group AG now owns 1,283,636 shares of the company's stock worth $6,444,000 after buying an additional 1,034,880 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in United States Antimony by 22.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company's stock valued at $34,707,000 after acquiring an additional 1,026,412 shares in the last quarter. 9.49% of the stock is owned by institutional investors and hedge funds.

United States Antimony Price Performance

UAMY stock opened at $4.86 on Monday. The stock has a market capitalization of $727.40 million, a P/E ratio of -37.38 and a beta of 0.39. United States Antimony Co. has a 1-year low of $4.14 and a 1-year high of $19.71. The business has a fifty day moving average price of $6.03 and a 200-day moving average price of $7.99.

Insider Activity at United States Antimony

In other United States Antimony news, Director Jon R. Marinelli acquired 12,500 shares of the stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $7.45 per share, for a total transaction of $93,125.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company's stock, valued at $93,125. This trade represents a ∞ 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 hyperlink. Also, CEO Gary C. Evans acquired 20,000 shares of United States Antimony stock in a transaction on Friday, August 28th. The shares were bought at an average cost of $4.92 per share, for a total transaction of $98,400.00. Following the completion of the purchase, the chief executive officer directly owned 2,590,028 shares of the company's stock, valued at $12,742,937.76. The trade was a 0.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.50% of the company's stock.

Wall Street Analyst Weigh In

UAMY has been the subject of several analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of United States Antimony in a report on Wednesday, June 17th. HC Wainwright dropped their price target 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. Four 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, the company presently has an average rating of "Moderate Buy" and an average target price of $10.12.

United States Antimony 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.