United States Antimony (NYSE:UAMY) Hits New 12-Month High - Here's Why

Key Points

• United States Antimony hit a new 12-month high of $19.71 during trading, closing at $17.47 with a trading volume of over 52 million shares.
• Analysts have notably increased their price targets for UAMY, with HC Wainwright raising theirs from $4.50 to $8.50, reflecting strong buy ratings from multiple analysts.
• CEO Gary C. Evans purchased 100,000 shares of UAMY at an average price of $6.13, increasing his position in the company.

United States Antimony Co. (NYSE:UAMY - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $19.71 and last traded at $17.47, with a volume of 52762856 shares trading hands. The stock had previously closed at $16.71.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UAMY shares. HC Wainwright boosted their price objective on shares of United States Antimony from $4.50 to $8.50 and gave the stock a "buy" rating in a report on Friday, September 26th. D. Boral Capital reissued a "buy" rating and issued a $5.00 price target on shares of United States Antimony in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, United States Antimony presently has an average rating of "Buy" and an average price target of $4.38.

United States Antimony Stock Up 4.5%

The firm has a market cap of $2.29 billion, a PE ratio of -436.75 and a beta of -0.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.84 and a current ratio of 6.24. The company's 50-day simple moving average is $6.04 and its two-hundred day simple moving average is $3.97.

Insider Activity

In other United States Antimony news, CEO Gary C. Evans purchased 100,000 shares of the stock in a transaction on Friday, September 26th. The stock was acquired at an average price of $6.13 per share, with a total value of $613,000.00. Following the transaction, the chief executive officer directly owned 2,378,818 shares of the company's stock, valued at approximately $14,582,154.34. This trade represents a 4.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On United States Antimony

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nova Wealth Management Inc. lifted its stake in United States Antimony by 405.0% in 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 in the 2nd quarter worth $33,000. ProShare Advisors LLC purchased a new stake in shares of United States Antimony in the 2nd quarter worth about $41,000. Penbrook Management LLC bought a new stake in shares of United States Antimony during the 2nd quarter valued at about $44,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of United States Antimony during the second quarter valued at about $47,000. Institutional investors own 9.49% of the company's stock.

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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