United States Antimony (NYSE:UAMY) Shares Up 6.8% - Should You Buy?

Key Points

• United States Antimony's stock price increased by 6.8% during trading, reaching a high of $13.23 with over 15 million shares exchanged, significantly above its average trading volume.
• Research firms have provided positive outlooks for the stock; HC Wainwright raised its target price from $4.50 to $8.50, while multiple analysts issued "buy" ratings, with a consensus price target of $4.38.
• Recent insider trading saw CEO Gary C. Evans acquiring 100,000 shares at an average price of $6.13, indicating growing confidence in the company's future prospects.

United States Antimony Co. (NYSE:UAMY - Get Free Report)'s stock price shot up 6.8% during trading on Wednesday . The stock traded as high as $12.96 and last traded at $13.23. 15,683,934 shares traded hands during trading, an increase of 153% from the average session volume of 6,189,462 shares. The stock had previously closed at $12.39.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UAMY. HC Wainwright boosted their target price on shares of United States Antimony from $4.50 to $8.50 and gave the stock a "buy" rating in a research report on Friday, September 26th. D. Boral Capital reaffirmed a "buy" rating and issued a $5.00 price objective on shares of United States Antimony in a research report on Thursday, August 14th. Finally, William Blair initiated coverage on shares of United States Antimony in a research report on Monday. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $4.38.

United States Antimony Trading Up 5.8%

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 stock has a market capitalization of $1.82 billion, a PE ratio of -327.75 and a beta of -0.10. The stock's 50 day simple moving average is $6.95 and its two-hundred day simple moving average is $4.33.

Insiders Place Their Bets

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

Institutional Trading of United States Antimony

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nova Wealth Management Inc. lifted its stake in 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 in the last quarter. Jefferies Financial Group Inc. lifted its stake in United States Antimony by 23.7% in the 1st quarter. Jefferies Financial Group Inc. now owns 36,256 shares of the company's stock worth $80,000 after purchasing an additional 6,956 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in United States Antimony in the 3rd quarter worth approximately $49,000. Raymond James Financial Inc. purchased a new stake in United States Antimony in the 2nd quarter worth approximately $33,000. Finally, E&G Advisors LP purchased a new stake in United States Antimony in the 3rd quarter worth approximately $106,000. 9.49% of the stock is currently 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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