United States Antimony (NYSE:UAMY) Sees Large Volume Increase - What's Next?

Key Points

• United States Antimony Co. saw a significant trading volume increase of 265%, with approximately 19.7 million shares traded on Tuesday, marking a notable shift from the previous day's activity.
• Analysts have set new price targets, with HC Wainwright increasing its target from $4.50 to $8.50 and maintaining a "buy" rating, while the average target price now stands at $4.38.
• CEO Gary C. Evans purchased 100,000 shares at $6.13 each, increasing his stake in the company by 4.39%, indicating insider confidence in the stock.

Shares of United States Antimony Co. (NYSE:UAMY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 19,673,505 shares traded hands during mid-day trading, an increase of 265% from the previous session's volume of 5,390,896 shares.The stock last traded at $16.68 and had previously closed at $16.71.

Analysts Set New Price Targets

UAMY has been the subject of a number of recent research reports. HC Wainwright boosted their target price 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 reiterated a "buy" rating and issued a $5.00 target price on shares of United States Antimony in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $4.38.

United States Antimony Trading Up 9.2%

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 stock has a market cap of $2.39 billion, a price-to-earnings ratio of -457.13 and a beta of -0.10. The company's fifty day moving average price is $5.76 and its 200-day moving average price is $3.87.

Insider Buying and Selling

In other news, CEO Gary C. Evans bought 100,000 shares of the company's stock in a transaction that occurred on Friday, September 26th. The shares were purchased at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,378,818 shares in the company, valued at approximately $14,582,154.34. This represents a 4.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United States Antimony

Large investors have recently bought and sold shares of the company. Nova Wealth Management Inc. boosted its position 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 valued at $31,000 after buying an additional 4,050 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in United States Antimony in the second quarter valued at approximately $33,000. ProShare Advisors LLC purchased a new stake in United States Antimony in the second quarter valued at approximately $41,000. Penbrook Management LLC purchased a new stake in United States Antimony in the second quarter valued at approximately $44,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in United States Antimony in the second quarter valued at approximately $47,000. Hedge funds and other 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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