United States Antimony (NYSE:UAMY) Price Target Raised to $8.50 at HC Wainwright

Key Points

• HC Wainwright has raised the price target for United States Antimony (UAMY) from $4.50 to $8.50, indicating a potential upside of 34.71% from the company's previous close.
• Shares of UAMY are currently down 5.4% with a 12-month trading range between $0.49 and $8.17.
• Institutional investors have significantly increased their holdings in UAMY, with Geode Capital Management lifting its stake by 144.6% in the second quarter alone.

United States Antimony (NYSE:UAMY - Get Free Report) had its price target raised by analysts at HC Wainwright from $4.50 to $8.50 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright's target price would suggest a potential upside of 34.71% from the company's previous close.

Separately, D. Boral Capital reiterated a "buy" rating and issued a $5.00 price target on shares of United States Antimony in a report on Thursday, August 14th. 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. According to MarketBeat, United States Antimony presently has an average rating of "Buy" and an average target price of $4.38.

United States Antimony Stock Down 5.4%

Shares of NYSE UAMY opened at $6.31 on Friday. United States Antimony has a 12-month low of $0.49 and a 12-month high of $8.17. The company has a market cap of $812.27 million, a P/E ratio of -157.75 and a beta of 0.05. The company has a current ratio of 6.24, a quick ratio of 5.84 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $4.42 and a 200 day moving average price of $3.26.

Hedge Funds Weigh In On United States Antimony

A number of large investors have recently bought and sold shares of UAMY. Geode Capital Management LLC lifted its holdings in United States Antimony by 144.6% in the second 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 last quarter. Russell Investments Group Ltd. raised its holdings in shares of United States Antimony by 272.0% during the second 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 during the last quarter. Soviero Asset Management LP raised its holdings in shares of United States Antimony by 180.2% during the second 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 during the last quarter. Two Sigma Investments LP bought a new stake in shares of United States Antimony during the fourth quarter valued at approximately $565,000. Finally, Truist Financial Corp raised its holdings in shares of 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 buying an additional 250,000 shares during the last quarter. 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.

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