United States Antimony (NYSE:UAMY) Shares Gap Down - Should You Sell?

Key Points

• United States Antimony Co. (NYSE:UAMY) shares gapped down from a previous close of $12.56 to an opening price of $11.01, reflecting a significant decline in trading activity.
• Wall Street analysts remain optimistic, with consensus ratings indicating a Buy and price targets ranging from $4.38 to $8.50.
• Insider trading activity shows CEO Gary C. Evans purchased 100,000 shares at an average price of $6.13, suggesting confidence in the company’s future performance.

United States Antimony Co. (NYSE:UAMY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $12.56, but opened at $11.01. United States Antimony shares last traded at $11.37, with a volume of 6,413,092 shares traded.

Wall Street Analysts Forecast Growth

UAMY has been the subject of a number of recent analyst reports. HC Wainwright upped their price target on United States Antimony from $4.50 to $8.50 and gave the company a "buy" rating in a research note on Friday, September 26th. D. Boral Capital reaffirmed a "buy" rating and set a $5.00 price target on shares of United States Antimony in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $4.38.

United States Antimony Trading Down 11.0%

The company has a market cap of $1.53 billion, a P/E ratio of -279.53 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 business has a 50 day moving average price of $6.43 and a 200-day moving average price of $4.11.

Insider Activity at United States Antimony

In other United States Antimony news, CEO Gary C. Evans purchased 100,000 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of $6.13 per share, with a total value of $613,000.00. Following the completion of the transaction, the chief executive officer owned 2,378,818 shares in the company, valued at $14,582,154.34. The trade was a 4.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

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