Stock Traders Buy High Volume of Put Options on United States Antimony (NYSE:UAMY)

Key Points

• On Friday, traders significantly increased their positions in United States Antimony by purchasing 10,061 put options, representing an increase of approximately 181% from the usual volume.
• Analysts have mixed views on UAMY, with HC Wainwright and D. Boral Capital maintaining buy ratings and price targets of $4.50 and $5.00, respectively, while Wall Street Zen has downgraded it to a sell rating.
• Institutional investors demonstrated strong interest, with Geode Capital Management increasing its holdings by 144.6% in the last quarter, further indicating growing confidence in the stock's future performance.

United States Antimony Co. (NYSE:UAMY - Get Free Report) was the recipient of unusually large options trading activity on Friday. Traders bought 10,061 put options on the company. Thisisanincreaseofapproximately181% compared to the typical volume of 3,579 put options.

Analysts Set New Price Targets

A number of research firms have recently commented on UAMY. HC Wainwright reissued a "buy" rating and issued a $4.50 target price on shares of United States Antimony in a report on Wednesday. D. Boral Capital reaffirmed a "buy" rating and issued a $5.00 price objective on shares of United States Antimony in a research note on Thursday. Wall Street Zen downgraded United States Antimony from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th. Finally, D Boral Capital raised shares of United States Antimony to a "strong-buy" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $3.38.

Hedge Funds Weigh In On United States Antimony

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of United States Antimony by 144.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company's stock worth $4,264,000 after purchasing an additional 1,156,021 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in United States Antimony by 272.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 457,784 shares of the company's stock valued at $998,000 after buying an additional 334,725 shares in the last quarter. Soviero Asset Management LP grew its holdings in United States Antimony by 180.2% during the 2nd quarter. Soviero Asset Management LP now owns 510,000 shares of the company's stock valued at $1,112,000 after buying an additional 328,000 shares in the last quarter. Two Sigma Investments LP bought a new stake in United States Antimony during the fourth quarter valued at approximately $565,000. Finally, Truist Financial Corp lifted its position in United States Antimony by 14.1% during the second quarter. Truist Financial Corp now owns 2,028,818 shares of the company's stock valued at $4,423,000 after purchasing an additional 250,000 shares during the last quarter. 9.49% of the stock is currently owned by institutional investors.

United States Antimony Trading Down 0.6%

Shares of United States Antimony stock traded down $0.03 on Friday, reaching $4.11. 2,200,528 shares of the company's stock were exchanged, compared to its average volume of 3,866,639. The company has a market capitalization of $488.91 million, a P/E ratio of -102.13 and a beta of 0.11. United States Antimony has a 52 week low of $0.49 and a 52 week high of $4.19. The firm's 50-day moving average is $3.05 and its two-hundred day moving average is $2.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.84 and a current ratio of 6.24.

About United States Antimony

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.

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