United States Antimony (NYSE:UAMY) Hits New 1-Year High - Here's What Happened

Key Points

• United States Antimony shares reached a new 52-week high of $7.48 during trading, reflecting an increase from the previous close of $6.45.
• Multiple analysts have a buy rating on UAMY, with a consensus price target of $3.38, which is significantly lower than the current trading price.
• Institutional investors have notably increased their holdings in the company, with Truist Financial Corp and Geode Capital Management growing their positions by 14.1% and 144.6% respectively during the second quarter.

United States Antimony Co. (NYSE:UAMY - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.22 and last traded at $7.48, with a volume of 1411729 shares changing hands. The stock had previously closed at $6.45.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UAMY shares. D. Boral Capital restated a "buy" rating and issued a $5.00 target price on shares of United States Antimony in a report on Thursday, August 14th. HC Wainwright reiterated a "buy" rating and set a $4.50 price objective on shares of United States Antimony in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. Based on data from MarketBeat.com, United States Antimony has an average rating of "Buy" and a consensus price target of $3.38.

United States Antimony Stock Up 18.7%

The business's 50 day moving average price is $4.23 and its 200-day moving average price is $3.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.24 and a quick ratio of 5.84. The company has a market cap of $951.73 million, a P/E ratio of -189.93 and a beta of 0.05.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Truist Financial Corp grew its holdings in United States Antimony by 14.1% during the 2nd quarter. Truist Financial Corp now owns 2,028,818 shares of the company's stock worth $4,423,000 after acquiring an additional 250,000 shares during the period. Geode Capital Management LLC grew its holdings in United States Antimony by 144.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company's stock worth $4,264,000 after acquiring an additional 1,156,021 shares during the period. Marshall Wace LLP grew its holdings in United States Antimony by 8.7% during the 2nd quarter. Marshall Wace LLP now owns 598,817 shares of the company's stock worth $1,305,000 after acquiring an additional 47,885 shares during the period. 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 worth $1,112,000 after acquiring an additional 328,000 shares during the period. Finally, 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 worth $998,000 after acquiring an additional 334,725 shares during the period. Institutional investors own 9.49% of the company's stock.

United States Antimony Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.