Truist Financial Corp Buys 250,000 Shares of United States Antimony Co. $UAMY

Key Points

• Truist Financial Corp increased its holdings in United States Antimony Co. (UAMY) by 14.1%, acquiring an additional 250,000 shares, bringing its total ownership to approximately 2,028,818 shares valued at $4.4 million.
• United States Antimony's CEO, Gary C. Evans, purchased 100,000 shares at an average price of $6.13, raising their total holdings to 2,378,818 shares valued at over $14.5 million.
• Equities analysts have a positive outlook on UAMY, with a consensus rating of "Buy" and a recently lifted price target ranging from $5.00 to $8.50.

Truist Financial Corp raised its stake in United States Antimony Co. (NYSE:UAMY - Free Report) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,028,818 shares of the company's stock after acquiring an additional 250,000 shares during the period. Truist Financial Corp owned approximately 1.70% of United States Antimony worth $4,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of UAMY. Millennium Management LLC increased its holdings in United States Antimony by 228.4% in the 4th quarter. Millennium Management LLC now owns 100,793 shares of the company's stock valued at $178,000 after acquiring an additional 70,105 shares during the last quarter. Calamos Advisors LLC bought a new stake in United States Antimony in the 1st quarter valued at $240,000. Whittier Trust Co. bought a new stake in United States Antimony in the 1st quarter valued at $115,000. XTX Topco Ltd bought a new stake in United States Antimony in the 1st quarter valued at $80,000. Finally, Jefferies Financial Group Inc. increased its holdings in United States Antimony by 23.7% in the 1st quarter. Jefferies Financial Group Inc. now owns 36,256 shares of the company's stock valued at $80,000 after acquiring an additional 6,956 shares during the last quarter. 9.49% of the stock is currently owned by institutional investors.

Insider Activity at United States Antimony

In related news, CEO Gary C. Evans acquired 100,000 shares of the firm's stock in a transaction that occurred on Friday, September 26th. The stock was bought at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the acquisition, the chief executive officer directly owned 2,378,818 shares of the company's stock, valued at $14,582,154.34. This represents a 4.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UAMY shares. D. Boral Capital reissued a "buy" rating and issued a $5.00 price objective on shares of United States Antimony in a research note on Thursday, August 14th. HC Wainwright lifted their price objective on shares of United States Antimony from $4.50 to $8.50 and gave the stock a "buy" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, United States Antimony has a consensus rating of "Buy" and a consensus target price of $4.38.

United States Antimony Price Performance

UAMY stock opened at $8.70 on Wednesday. United States Antimony Co. has a 12 month low of $0.49 and a 12 month high of $9.49. The company has a current ratio of 6.24, a quick ratio of 5.84 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $5.03 and a 200 day moving average price of $3.58. The stock has a market cap of $1.12 billion, a PE ratio of -217.50 and a beta of -0.10.

United States Antimony Profile

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.

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