United States Antimony (NYSE:UAMY) Sets New 12-Month High - Time to Buy?

Key Points

• United States Antimony's stock hit a new 52-week high of $8.35 during trading, reflecting significant trading activity with over 4.3 million shares exchanged.
• Analysts have raised their target price for United States Antimony, with HC Wainwright increasing it from $4.50 to $8.50, indicating strong investor confidence.
• Insider trading saw CEO Gary C. Evans purchase 100,000 shares at an average price of $6.13, increasing his ownership in the company by 4.39%.

United States Antimony Co. (NYSE:UAMY - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $8.35 and last traded at $8.17, with a volume of 4307386 shares traded. The stock had previously closed at $7.51.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. HC Wainwright raised their target price on shares of United States Antimony from $4.50 to $8.50 and gave the stock a "buy" rating in a research report on Friday, September 26th. D. Boral Capital restated a "buy" rating and set a $5.00 price objective 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $4.38.

United States Antimony Price Performance

The firm has a 50 day simple moving average of $4.73 and a 200-day simple moving average of $3.44. The company has a quick ratio of 5.84, a current ratio of 6.24 and a debt-to-equity ratio of 0.01. The company has a market cap of $997.64 million, a PE ratio of -193.75 and a beta of 0.05.

Insider Buying and Selling at United States Antimony

In other United States Antimony news, CEO Gary C. Evans purchased 100,000 shares of the company's stock in a transaction dated Friday, September 26th. The shares were acquired at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the purchase, the chief executive officer owned 2,378,818 shares of the company's stock, valued at approximately $14,582,154.34. The trade was a 4.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.20% of the company's stock.

Institutional Trading of United States Antimony

Several large investors have recently bought and sold shares of the stock. Truist Financial Corp grew its position 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 purchasing an additional 250,000 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of United States Antimony by 144.6% during the second quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company's stock valued at $4,264,000 after buying an additional 1,156,021 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of United States Antimony by 8.7% during the second quarter. Marshall Wace LLP now owns 598,817 shares of the company's stock valued at $1,305,000 after buying an additional 47,885 shares during the last quarter. Soviero Asset Management LP grew its stake 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 valued at $1,112,000 after purchasing an additional 328,000 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake 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 valued at $998,000 after purchasing an additional 334,725 shares during the last quarter. Hedge funds and other 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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