United States Antimony (NYSEAMERICAN:UAMY) Trading Up 7.1% - Time to Buy?

Key Points

• United States Antimony's stock jumped 7.1% to about $9.39 intraday (high of $9.44), though trading volume was sharply lower at ~1.4M shares versus a 14.0M average (≈90% decline).
• Analyst sentiment is broadly positive with five firms issuing Buy ratings; B. Riley raised its target to $11 while the consensus target is $8.75, which is below the current price.
• The company — a producer of antimony with smaller gold and silver operations — has a market cap of $1.2B but a negative P/E (−859.5), and 50- and 200-day moving averages of $8.76 and $8.14, respectively.

United States Antimony Co. (NYSEAMERICAN:UAMY - Get Free Report)'s stock price shot up 7.1% during trading on Friday . The company traded as high as $9.44 and last traded at $9.3930. 1,404,676 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 14,033,066 shares. The stock had previously closed at $8.77.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. B. Riley Financial boosted their price objective on shares of United States Antimony from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Alliance Global Partners restated a "buy" rating on shares of United States Antimony in a research note on Wednesday, February 11th. Finally, HC Wainwright restated a "buy" rating and issued a $10.25 price objective on shares of United States Antimony in a research note on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, United States Antimony has a consensus rating of "Buy" and an average target price of $8.75.

United States Antimony Price Performance

The stock's 50 day moving average price is $8.76 and its two-hundred day moving average price is $8.14. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -859.50 and a beta of -0.01.

Hedge Funds Weigh In On United States Antimony

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC bought a new position in United States Antimony during the fourth quarter worth $27,000. Nova Wealth Management Inc. increased its position in United States Antimony by 405.0% during the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company's stock worth $31,000 after acquiring an additional 4,050 shares during the period. Raymond James Financial Inc. bought a new position in United States Antimony during the second quarter worth $33,000. Meeder Asset Management Inc. bought a new stake in United States Antimony in the 4th quarter valued at $35,000. Finally, Harbour Investments Inc. increased its holdings in United States Antimony by 106.2% in the 4th quarter. Harbour Investments Inc. now owns 7,962 shares of the company's stock valued at $40,000 after buying an additional 4,101 shares during the period. Institutional investors own 9.49% of the company's stock.

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.