United States Antimony (NYSE:UAMY) Shares Gap Up - Here's Why

Key Points

• United States Antimony Co. (NYSE:UAMY) opened at $14.69 after closing at $12.21, with a last traded price of $15.03 on significant volume.
• Several analysts issued positive ratings, with HC Wainwright upgrading their price objective to $8.50, while the average target price is currently $4.38.
• CEO Gary C. Evans increased his ownership by purchasing 100,000 shares at an average cost of $6.13 per share, totaling approximately $613,000.

United States Antimony Co. (NYSE:UAMY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $12.21, but opened at $14.69. United States Antimony shares last traded at $15.03, with a volume of 12,912,735 shares traded.

Wall Street Analysts Forecast Growth

UAMY has been the subject of several research analyst reports. D. Boral Capital reiterated a "buy" rating and issued a $5.00 price objective on shares of United States Antimony in a report on Thursday, August 14th. HC Wainwright lifted their price objective 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 analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $4.38.

United States Antimony Price Performance

The firm has a market capitalization of $2.06 billion, a PE ratio of -396.38 and a beta of -0.10. 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 firm has a 50-day simple moving average of $5.50 and a 200-day simple moving average of $3.77.

Insider Buying and Selling at United States Antimony

In related news, CEO Gary C. Evans acquired 100,000 shares of the stock in a transaction dated Friday, September 26th. The shares were purchased at an average cost of $6.13 per share, with a total value of $613,000.00. Following 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UAMY. Calamos Advisors LLC purchased a new position in shares of United States Antimony during the 1st quarter valued at about $240,000. Whittier Trust Co. purchased a new position in shares of United States Antimony during the 1st quarter valued at about $115,000. XTX Topco Ltd purchased a new position in shares of United States Antimony during the 1st quarter valued at about $80,000. Jefferies Financial Group Inc. lifted its position in shares of United States Antimony by 23.7% during the 1st quarter. Jefferies Financial Group Inc. now owns 36,256 shares of the company's stock valued at $80,000 after buying an additional 6,956 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in United States Antimony in the 1st quarter worth approximately $271,000. 9.49% of the stock is 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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