United States Antimony (NYSE:UAMY) Sets New 12-Month Low - What's Next?

Key Points

• United States Antimony shares fell to a new 52-week low, trading as low as $3.63 and last at $3.54, well below the 50-day and 200-day moving averages of $5.01 and $7.08.
• Analyst sentiment remains mixed but leans positive: the consensus rating is “Moderate Buy” with an average price target of $10.12, despite HC Wainwright cutting its target to $9.25 and Weiss Ratings maintaining a sell rating.
• Company insiders bought 62,700 shares worth nearly $299,000 over the past three months, while institutional ownership stands at 9.49%, potentially signaling some investor confidence despite the stock’s decline.

United States Antimony Co. (NYSE:UAMY - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $3.63 and last traded at $3.54, with a volume of 75,105 shares changing hands. The stock had previously closed at $3.68.

Analysts Set New Price Targets

Several analysts recently commented on the company. HC Wainwright reduced their target price 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 reissued a "sell (d-)" rating on shares of United States Antimony in a report on Monday, September 14th. Finally, Texas Capital upgraded shares of United States Antimony to a "strong-buy" rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.12.

United States Antimony Stock Performance

The company has a market cap of $529.08 million, a P/E ratio of -27.15 and a beta of 0.38. The firm has a 50 day moving average price of $5.01 and a two-hundred day moving average price of $7.08.

Insider Activity at United States Antimony

In related news, Director Joseph Carrabba purchased 21,300 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average cost of $4.72 per share, for a total transaction of $100,536.00. Following the completion of the transaction, the director directly owned 198,401 shares in the company, valued at approximately $936,452.72. This represents a 12.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Lloyd EVP, Chief Mining Officer, & Director purchased 20,000 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was purchased at an average cost of $4.63 per share, with a total value of $92,600.00. Following the completion of the acquisition, the executive vice president owned 932,881 shares in the company, valued at approximately $4,319,239.03. This trade represents a 2.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 62,700 shares of company stock worth $298,592. 5.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Revisor Wealth Management LLC lifted its holdings in United States Antimony by 9.0% in the 1st quarter. Revisor Wealth Management LLC now owns 13,650 shares of the company's stock worth $119,000 after buying an additional 1,125 shares during the period. Geneos Wealth Management Inc. lifted its holdings in United States Antimony by 17.9% in the first quarter. Geneos Wealth Management Inc. now owns 9,892 shares of the company's stock worth $86,000 after buying an additional 1,500 shares during the period. Lincoln Capital LLC boosted its position in United States Antimony by 24.9% during the 1st quarter. Lincoln Capital LLC now owns 14,340 shares of the company's stock valued at $125,000 after acquiring an additional 2,857 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of United States Antimony by 65.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,545 shares of the company's stock worth $36,000 after acquiring an additional 3,372 shares during the period. Finally, KBC Group NV bought a new stake in shares of United States Antimony during the first quarter valued at approximately $31,000. 9.49% of the stock is owned by hedge funds and other institutional investors.

About United States Antimony

United States Antimony Corporation, through its subsidiaries, produces and sells antimony, precious metals and related specialty materials. Its products include antimony oxide, antimony metal, sodium antimonate and other antimony compounds used in applications such as flame retardants, ceramics, glass, pigments, batteries and other industrial products.

The company also processes and refines antimony-bearing materials and recovers precious metals from selected raw materials and recyclable sources.

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