United States Antimony (NYSE:UAMY) Stock Price Up 7.7% on Insider Buying Activity

Key Points

• United States Antimony shares rose 7.7% after insider purchases, reaching as high as $4.97 and recently trading near $5.04. Director Joseph Carrabba bought 21,300 shares, while CEO Gary Evans purchased 20,000 shares.
• Analyst sentiment remains broadly positive, with four Buy ratings and one Sell rating producing a consensus “Moderate Buy” rating and an average price target of $10.12, despite HC Wainwright lowering its target to $9.25.
• Institutional interest has increased, including a new $82.4 million BlackRock position and a 416% increase in UBS Group’s holdings. Hedge funds and other institutions collectively own 9.49% of the company.

United States Antimony Co. (NYSE:UAMY - Get Free Report) traded up 7.7% during trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as $4.97 and last traded at $5.0410. Approximately 1,101,093 shares changed hands during trading, a decline of 90% from the average daily volume of 11,192,019 shares. The stock had previously closed at $4.68.

Specifically, Director Joseph A. Carrabba purchased 21,300 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of $4.72 per share, with a total value of $100,536.00. Following the completion of the acquisition, the director directly owned 198,401 shares of the company's stock, valued at approximately $936,452.72. The trade was a 12.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary C. Evans purchased 20,000 shares of the company's stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $4.92 per share, with a total value of $98,400.00. Following the transaction, the chief executive officer owned 2,590,028 shares in the company, valued at approximately $12,742,937.76. The trade was a 0.78% increase in their position. The disclosure for this purchase is available in the SEC filing.

Analyst Upgrades and Downgrades

UAMY has been the topic of several analyst reports. HC Wainwright decreased their target price on shares of United States Antimony from $11.75 to $9.25 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of United States Antimony in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, United States Antimony currently has a consensus rating of "Moderate Buy" and an average target price of $10.12.

United States Antimony Trading Up 7.4%

The business's 50 day simple moving average is $5.92 and its 200 day simple moving average is $7.94. The company has a market cap of $752.09 million, a P/E ratio of -38.65 and a beta of 0.39.

Hedge Funds Weigh In On United States Antimony

A number of institutional investors and hedge funds have recently made changes to their positions in UAMY. BlackRock Inc. bought a new position in United States Antimony during the second quarter valued at $82,365,000. Orchard Capital Management LLC purchased a new stake in shares of United States Antimony in the 2nd quarter worth $2,230,000. Faithward Advisors LLC purchased a new stake in United States Antimony in the fourth quarter worth about $1,178,000. Virtu Financial LLC purchased a new stake in shares of United States Antimony in the 4th quarter worth approximately $945,000. Finally, UBS Group AG boosted its position in United States Antimony by 416.0% during the 4th quarter. UBS Group AG now owns 1,283,636 shares of the company's stock valued at $6,444,000 after acquiring an additional 1,034,880 shares in the last quarter. 9.49% of the stock is owned by hedge funds and other institutional investors.

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.

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