Van ECK Associates Corp Sells 1,809,827 Shares of United States Antimony Co. $UAMY

Key Points

• Van ECK Associates reduced its United States Antimony stake by 17.5%, selling 1,809,827 shares and retaining 8,559,868 shares, or approximately 5.72% of UAMY.
• Institutional activity was mixed: BlackRock initiated an estimated $82.4 million position, while State Street, Geode, Goldman Sachs, and UBS substantially increased their holdings. Institutional investors collectively own 9.49% of the company.
• Analyst sentiment remains a “Moderate Buy”, with four Buy ratings and one Sell rating, though HC Wainwright cut its price target to $9.25. UAMY opened at $4.86, well below its 52-week high of $19.71, while company insiders recently purchased shares.

Van ECK Associates Corp reduced its stake in United States Antimony Co. (NYSE:UAMY - Free Report) by 17.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,559,868 shares of the company's stock after selling 1,809,827 shares during the quarter. Van ECK Associates Corp owned about 5.72% of United States Antimony worth $62,145,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in United States Antimony during the 2nd quarter valued at approximately $82,365,000. State Street Corp lifted its position in shares of United States Antimony by 30.5% in the 4th 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 lifted 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 worth $4,264,000 after purchasing an additional 1,156,021 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of United States Antimony by 448.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,344,780 shares of the company's stock valued at $6,751,000 after purchasing an additional 1,099,634 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of United States Antimony by 416.0% in the 4th quarter. UBS Group AG now owns 1,283,636 shares of the company's stock valued at $6,444,000 after purchasing an additional 1,034,880 shares during the last quarter. 9.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UAMY has been the subject of a number of analyst reports. HC Wainwright lowered their target price on shares of 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 report on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, United States Antimony presently has a consensus rating of "Moderate Buy" and an average price target of $10.12.

United States Antimony Stock Performance

Shares of UAMY opened at $4.86 on Friday. The firm has a market cap of $727.40 million, a PE ratio of -37.38 and a beta of 0.39. United States Antimony Co. has a 52-week low of $4.14 and a 52-week high of $19.71. The business's 50 day moving average price is $6.03 and its two-hundred day moving average price is $7.99.

Insider Buying and Selling at United States Antimony

In related news, Director Jon R. Marinelli acquired 12,500 shares of the stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $7.45 per share, for a total transaction of $93,125.00. Following the purchase, the director directly owned 12,500 shares of the company's stock, valued at $93,125. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary C. Evans bought 20,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average price of $4.92 per share, for a total transaction of $98,400.00. Following the transaction, the chief executive officer directly owned 2,590,028 shares in the company, valued at $12,742,937.76. This trade represents a 0.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.50% of the company's stock.

About United States Antimony

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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