United States Antimony (NYSE:UAMY) Shares Down 5.8% - Here's What Happened

Key Points

• United States Antimony shares fell 5.8% to $4.86 in Friday’s midday trading, with volume of about 2 million shares—82% below the average daily volume.
• Analyst sentiment remains cautiously positive: four analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $10.12. HC Wainwright lowered its target from $11.75 to $9.25 while maintaining a Buy rating.
• Director Jon R. Marinelli purchased 12,500 shares for approximately $93,125, while several institutional investors recently initiated or expanded positions. Insiders own 5.5% of the company and institutions own 9.49%.

Shares of United States Antimony Co. (NYSE:UAMY - Get Free Report) traded down 5.8% during mid-day trading on Friday . The company traded as low as $4.83 and last traded at $4.86. 2,003,651 shares changed hands during trading, a decline of 82% from the average daily volume of 11,226,925 shares. The stock had previously closed at $5.16.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. HC Wainwright decreased their target price 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of United States Antimony in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.12.

United States Antimony Price Performance

The stock has a market cap of $721.41 million, a price-to-earnings ratio of -37.08 and a beta of 0.39. The company's fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $8.01.

Insider Buying and Selling at United States Antimony

In other United States Antimony news, Director Jon R. Marinelli bought 12,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $7.45 per share, for a total transaction of $93,125.00. Following the acquisition, the director directly owned 12,500 shares of the company's stock, valued at approximately $93,125. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is owned by corporate insiders.

Institutional Trading of United States Antimony

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new stake in shares of United States Antimony in the first quarter worth approximately $31,000. Raymond James Financial Inc. purchased a new position in shares of United States Antimony during the second quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new stake in United States Antimony during the fourth quarter worth $35,000. Harbour Investments Inc. grew its holdings in United States Antimony by 106.2% during the fourth quarter. Harbour Investments Inc. now owns 7,962 shares of the company's stock worth $40,000 after buying an additional 4,101 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in United States Antimony by 925.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,250 shares of the company's stock valued at $51,000 after buying an additional 9,250 shares during the last quarter. 9.49% of the stock is owned by institutional investors.

United States Antimony Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source