United States Antimony (NYSE:UAMY) Shares Gap Up - Still a Buy?

Key Points

• United States Antimony Co. shares gapped up from a closing price of $11.19 to an opening price of $13.30, before last trading at $11.49 with significant volume.
• Analysts have an overall consensus rating of "Buy" on the stock, with price targets ranging from $4.50 to $8.50.
• CEO Gary C. Evans purchased 100,000 shares at an average price of $6.13, indicating confidence in the company's future performance.

United States Antimony Co. (NYSE:UAMY - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $11.19, but opened at $13.30. United States Antimony shares last traded at $11.49, with a volume of 7,687,091 shares traded.

Analysts Set New Price Targets

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

United States Antimony Stock Up 18.4%

The firm has a market cap of $1.81 billion, a PE ratio of -330.10 and a beta of -0.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.84 and a current ratio of 6.24. The company's 50-day simple moving average is $6.58 and its two-hundred day simple moving average is $4.19.

Insider Transactions at United States Antimony

In other United States Antimony news, CEO Gary C. Evans purchased 100,000 shares of the stock in a transaction on Friday, September 26th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $14,582,154.34. This trade represents a 4.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UAMY. Nova Wealth Management Inc. increased its position in shares of United States Antimony by 405.0% during the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company's stock valued at $31,000 after buying an additional 4,050 shares during the period. Raymond James Financial Inc. purchased a new position in shares of United States Antimony during the 2nd quarter worth approximately $33,000. ProShare Advisors LLC bought a new position in shares of United States Antimony in the 2nd quarter worth approximately $41,000. Penbrook Management LLC purchased a new position in shares of United States Antimony in the 2nd quarter valued at approximately $44,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of United States Antimony in the 2nd quarter valued at approximately $47,000. 9.49% of the stock is currently owned by institutional investors.

About United States Antimony

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.