United States Antimony (NYSE:UAMY) Sets New 52-Week High - Should You Buy?

Key Points

• United States Antimony Co. reached a new 52-week high during trading, peaking at $10.04 before closing at $9.52 with significant trading volume of over 21 million shares.
• Various analysts have issued ratings on UAMY, with HC Wainwright raising their price target from $4.50 to $8.50, indicating positive market expectations for the stock.
• CEO Gary C. Evans purchased 100,000 shares of the company's stock for $613,000, increasing his ownership stake, which signals a strong personal belief in the company's future performance.

United States Antimony Co. (NYSE:UAMY - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $10.04 and last traded at $9.52, with a volume of 21825035 shares traded. The stock had previously closed at $8.70.

Wall Street Analysts Forecast Growth

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

United States Antimony Stock Performance

The stock has a market capitalization of $1.37 billion, a PE ratio of -266.18 and a beta of -0.10. 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 firm's fifty day moving average is $5.16 and its 200-day moving average is $3.62.

Insider Transactions at United States Antimony

In other United States Antimony news, CEO Gary C. Evans purchased 100,000 shares of the business's stock in a transaction on Friday, September 26th. The shares were bought at an average cost of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is owned by company insiders.

Institutional Trading of United States Antimony

A number of institutional investors and hedge funds have recently bought and sold shares of UAMY. Nova Wealth Management Inc. increased its stake in United States Antimony by 405.0% during the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company's stock worth $31,000 after purchasing an additional 4,050 shares during the period. Raymond James Financial Inc. purchased a new stake in United States Antimony during the second quarter worth about $33,000. ProShare Advisors LLC purchased a new stake in United States Antimony during the second quarter worth about $41,000. Penbrook Management LLC acquired a new position in shares of United States Antimony during the second quarter worth about $44,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of United States Antimony during the second quarter worth about $47,000. 9.49% of the stock is currently owned by hedge funds and other institutional investors.

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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