United States Antimony (NYSE:UAMY) Shares Climb 19.7% - What's Next?

Key Points

• United States Antimony shares jumped 19.7% to about $3.38, up from a prior close of $2.82, while trading volume was 67% below its average.
• Analyst opinions are mixed: MarketBeat reports a “Moderate Buy” consensus and a $10.12 average price target, though HC Wainwright recently cut its target to $9.25 and Weiss Ratings reiterated a sell rating.
• Company insiders have bought 62,700 shares worth about $298,592 over the past 90 days; insiders own 5.5% of the company.

Shares of United States Antimony Co. (NYSE:UAMY - Get Free Report) rose 19.7% during mid-day trading on Monday. The stock traded as high as $3.34 and last traded at $3.3750. 3,319,270 shares were traded during trading, a decline of 67% from the average daily volume of 9,968,312 shares. The stock had previously closed at $2.82.

Analyst Ratings Changes

UAMY has been the subject of a number of recent analyst reports. HC Wainwright lowered their price objective on United States Antimony from $11.75 to $9.25 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Texas Capital upgraded United States Antimony to a "strong-buy" rating in a research report on Wednesday, October 7th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of United States Antimony in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $10.12.

United States Antimony Trading Up 20.0%

The company has a market capitalization of $506.63 million, a PE ratio of -25.96 and a beta of 0.49. The company's 50 day moving average price is $3.95 and its 200-day moving average price is $7.06.

Insider Buying and Selling at United States Antimony

In other news, CEO Gary Evans purchased 20,000 shares of the company's stock in a transaction on Friday, August 28th. The stock was 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lloyd EVP, Chief Mining Officer, & Director acquired 20,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average price of $4.63 per share, for a total transaction 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 SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 62,700 shares of company stock valued at $298,592. Company insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KBC Group NV acquired a new stake in shares of United States Antimony in the first quarter worth $31,000. Farther Finance Advisors LLC boosted its position in 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 purchasing an additional 3,372 shares during the period. Axxcess Wealth Management LLC acquired a new stake in United States Antimony in the 3rd quarter valued at $44,000. Inscription Capital LLC acquired a new stake in United States Antimony in the 3rd quarter valued at $47,000. Finally, Wealthfront Advisers LLC purchased a new position in United States Antimony in the second quarter valued at about $85,000. 9.49% of the stock is owned by institutional investors and hedge funds.

About United States Antimony

United States Antimony Corporation NYSE: UAMY is a specialty materials company focused primarily on the production and sale of antimony products. Antimony is used in applications including flame retardants, lead-acid batteries, solders, alloys, and other industrial materials. The company has historically produced antimony oxide, antimony metal, and related products.

UAMY has also been involved in the recovery and processing of precious metals and the production of specialty mineral products.

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