United States Antimony (NYSE:UAMY) Hits New 52-Week Low - Here's What Happened

Key Points

• United States Antimony shares hit a new 52-week low, falling to $4.34 compared with the previous close of $4.50. The stock remains well below its 50-day and 200-day moving averages of $5.29 and $7.48, respectively.
• Analyst sentiment remains mixed but leans positive, with four Buy ratings and one Sell rating producing a consensus “Moderate Buy” rating and an average price target of $10.12. HC Wainwright, however, reduced its target from $11.75 to $9.25.
• Company insiders have been buying shares, including purchases by the CEO and chief mining officer; insiders bought 62,700 shares worth nearly $299,000 over the past 90 days. Institutional ownership stands at 9.49%.

United States Antimony Co. (NYSE:UAMY - Get Free Report) hit a new 52-week low on Monday. The stock traded as low as $4.34 and last traded at $4.3660, with a volume of 545087 shares. The stock had previously closed at $4.50.

Wall Street Analysts Forecast Growth

UAMY has been the topic of a number of analyst reports. HC Wainwright lowered their price objective on United States Antimony from $11.75 to $9.25 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Weiss Ratings restated a "sell (d-)" rating on shares of United States Antimony in a research report on Monday, September 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.12.

United States Antimony Price Performance

The firm's 50-day moving average price is $5.29 and its 200 day moving average price is $7.48. The firm has a market capitalization of $639.84 million, a price-to-earnings ratio of -32.98 and a beta of 0.39.

Insiders Place Their Bets

In related news, EVP Lloyd EVP, Chief Mining Officer, & Director purchased 20,000 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $4.63 per share, with a total value of $92,600.00. Following the completion of the transaction, the executive vice president owned 932,881 shares of the company's stock, valued at approximately $4,319,239.03. This represents a 2.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary Evans purchased 20,000 shares of the firm's stock in a transaction on Friday, August 28th. The stock was acquired 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 owned 2,590,028 shares in the company, valued at $12,742,937.76. The trade was a 0.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 62,700 shares of company stock valued at $298,592. Corporate insiders own 5.50% of the company's stock.

Institutional Investors Weigh In On United States Antimony

A number of institutional investors have recently bought and sold shares of UAMY. WINTON GROUP Ltd acquired a new stake in shares of United States Antimony during the 2nd quarter worth $884,000. Connective Capital Management LLC acquired a new position in United States Antimony during the second quarter valued at approximately $145,000. Amundi acquired a new position in United States Antimony during the second quarter valued at approximately $115,000. Headlands Technologies LLC grew its stake in United States Antimony by 192.5% during the second quarter. Headlands Technologies LLC now owns 66,314 shares of the company's stock worth $481,000 after buying an additional 43,639 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of United States Antimony by 4.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,760 shares of the company's stock worth $1,349,000 after acquiring an additional 7,947 shares in the last quarter. 9.49% of the stock is currently owned by hedge funds and other institutional investors.

United States Antimony Company 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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