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United States Antimony (NYSE:UAMY) Shares Gap Up - Should You Buy?

United States Antimony logo with Basic Materials background

Key Points

  • United States Antimony's shares opened at $8.49, up from a previous close of $8.09, with the latest trading price at $8.86 and a volume of 7,391,508 shares.
  • Analysts have raised their price targets for UAMY, with HC Wainwright setting a target of $8.50, indicating a bullish outlook for the stock, which has an average rating of "Buy."
  • CEO Gary C. Evans bought 100,000 shares at $6.13 each, increasing his ownership stake in the company, which may signal confidence in future performance.
  • MarketBeat previews top five stocks to own in November.

United States Antimony Co. (NYSE:UAMY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $8.09, but opened at $8.49. United States Antimony shares last traded at $8.86, with a volume of 7,391,508 shares changing hands.

Analysts Set New Price Targets

Several research analysts have commented on UAMY shares. HC Wainwright lifted their price target on shares of United States Antimony from $4.50 to $8.50 and gave the stock a "buy" rating in a research note on Friday, September 26th. D. Boral Capital reaffirmed a "buy" rating and set a $5.00 target price on shares of United States Antimony in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $4.38.

Get Our Latest Stock Analysis on United States Antimony

United States Antimony Stock Performance

The business has a fifty day moving average of $4.91 and a 200-day moving average of $3.55. The company has a market cap of $1.13 billion, a PE ratio of -219.95 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.

Insider Activity

In other United States Antimony news, CEO Gary C. Evans bought 100,000 shares of the firm's stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer directly 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. lifted its position in shares of United States Antimony by 405.0% in the 3rd 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. bought a new position in United States Antimony in the second quarter worth about $33,000. ProShare Advisors LLC purchased a new stake in United States Antimony in the second quarter worth about $41,000. Penbrook Management LLC purchased a new stake in United States Antimony in the second quarter worth about $44,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in United States Antimony during the 2nd quarter valued at approximately $47,000. 9.49% of the stock is currently owned by institutional investors.

About United States Antimony

(Get Free Report)

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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