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

Key Points

• United States Antimony shares jumped 8.4%, opening at $5.58 versus a prior close of $5.20, with more than 2 million shares traded.
• Analyst sentiment remains mostly positive: four analysts rate the stock Buy and one rates it Sell, resulting in a “Moderate Buy” consensus and an average price target of $10.12. HC Wainwright, however, lowered its target from $11.75 to $9.25.
• Director Jon R. Marinelli purchased 12,500 shares for $93,125, while institutional investors own 9.49% of the company and insiders hold 5.50%.

United States Antimony Co. (NYSE:UAMY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $5.20, but opened at $5.58. United States Antimony shares last traded at $5.5790, with a volume of 2,055,352 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UAMY shares. Weiss Ratings reissued a "sell (d-)" rating on shares of United States Antimony in a report on Wednesday, June 17th. HC Wainwright dropped their price target on shares of United States Antimony from $11.75 to $9.25 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.12.

United States Antimony Trading Up 8.4%

The company has a market cap of $843.39 million, a price-to-earnings ratio of -43.27 and a beta of 0.39. The business's 50 day moving average price is $6.37 and its 200-day moving average price is $8.16.

Insider Activity

In other United States Antimony news, Director Jon R. Marinelli purchased 12,500 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $7.45 per share, for a total transaction of $93,125.00. Following the completion of the purchase, the director owned 12,500 shares of the company's stock, valued at approximately $93,125. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company's stock.

Institutional Trading of United States Antimony

A number of institutional investors have recently bought and sold shares of the business. KBC Group NV acquired a new stake in United States Antimony during the first quarter worth approximately $31,000. Raymond James Financial Inc. acquired a new position in United States Antimony in the second quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new position in shares of United States Antimony in the 4th quarter valued at approximately $35,000. Harbour Investments Inc. boosted its position in shares of United States Antimony by 106.2% during the 4th quarter. Harbour Investments Inc. now owns 7,962 shares of the company's stock worth $40,000 after acquiring an additional 4,101 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in United States Antimony by 925.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,250 shares of the company's stock worth $51,000 after purchasing an additional 9,250 shares during the last quarter. Institutional investors own 9.49% of the company's stock.

About United States Antimony

United States Antimony Corporation is a specialized mining and chemical company focused primarily on the production and processing of antimony and antimony-based compounds. The company operates its own extraction and milling facilities to recover antimony metal and antimony trioxide, which serve as critical raw materials in industries such as flame retardants for plastics and textiles, catalysts for chemical processes, and additives for glass and ceramics. In addition to antimony, United States Antimony maintains smaller-scale gold and silver operations in Mexico that provide supplementary revenue streams and diversification of its mineral portfolio.

Founded in the mid-20th century, United States Antimony has evolved from a single‐mine operator into a multinational enterprise with mining and processing sites in both the United States and Mexico.

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