United States Antimony (NYSE:UAMY) Shares Gap Down - Here's What Happened

Key Points

• United States Antimony Co. shares gapped down from $13.11 to $12.52 before opening, with current trading at $12.32 and a volume of 2,719,997 shares.
• Several equities analysts rated the stock, with D. Boral Capital setting a target price of $5.00 and HC Wainwright increasing their target to $8.50, reflecting a generally positive outlook on the stock.
• CEO Gary C. Evans purchased 100,000 shares at an average price of $6.13, increasing his shareholding to about $14.58 million, while institutional investors own 9.49% of the company.

Shares of United States Antimony Co. (NYSE:UAMY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $13.11, but opened at $12.52. United States Antimony shares last traded at $12.32, with a volume of 2,719,997 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. D. Boral Capital reiterated a "buy" rating and set a $5.00 target price on shares of United States Antimony in a report on Thursday, August 14th. William Blair assumed coverage on United States Antimony in a report on Monday. They set an "outperform" rating for the company. Finally, HC Wainwright increased their target price on United States Antimony from $4.50 to $8.50 and gave the stock a "buy" rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $4.38.

United States Antimony Price Performance

The company has a market cap of $1.69 billion, a P/E ratio of -304.50 and a beta of -0.10. The company has a fifty day moving average price of $7.13 and a two-hundred day moving average price of $4.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.84 and a current ratio of 6.24.

Insider Buying and Selling at United States Antimony

In related news, CEO Gary C. Evans acquired 100,000 shares of the firm's stock in a transaction dated Friday, September 26th. The stock was bought at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the acquisition, the chief executive officer directly 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 Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On United States Antimony

Several hedge funds have recently modified their holdings of UAMY. Calamos Advisors LLC bought a new position in shares of United States Antimony in the 1st quarter valued at about $240,000. Whittier Trust Co. bought a new position in United States Antimony during the first quarter worth about $115,000. XTX Topco Ltd bought a new position in United States Antimony during the first quarter worth about $80,000. Jefferies Financial Group Inc. grew its holdings in United States Antimony by 23.7% during the first quarter. Jefferies Financial Group Inc. now owns 36,256 shares of the company's stock worth $80,000 after purchasing an additional 6,956 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in United States Antimony during the first quarter worth about $271,000. 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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