United States Antimony (NYSE:UAMY) Stock Price Up 10.6% - Time to Buy?

Key Points

• United States Antimony (NYSE:UAMY) shares rose 10.6% on Friday, closing at $12.03 after trading as high as $12.18, with an increase in trading volume.
• Analysts currently rate UAMY with a consensus of Buy, with target prices ranging from $5.00 to $8.50, significantly higher than its current trading price.
• CEO Gary C. Evans showed confidence in the company by purchasing 100,000 shares at $6.13 per share, increasing his ownership stake by 4.39%.

United States Antimony Co. (NYSE:UAMY - Get Free Report) rose 10.6% during trading on Friday . The stock traded as high as $12.18 and last traded at $12.03. Approximately 5,350,521 shares changed hands during trading, an increase of 8% from the average daily volume of 4,960,670 shares. The stock had previously closed at $10.88.

Analysts Set New Price Targets

UAMY has been the subject of several research reports. D. Boral Capital restated a "buy" rating and set a $5.00 price objective on shares of United States Antimony in a research note on Thursday, August 14th. HC Wainwright boosted their target price on shares of United States Antimony from $4.50 to $8.50 and gave the company a "buy" rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, United States Antimony currently has a consensus rating of "Buy" and a consensus price target of $4.38.

United States Antimony Stock Performance

The company has a market cap of $1.70 billion, a PE ratio of -323.50 and a beta of -0.10. The firm's fifty day moving average is $5.32 and its 200 day moving average is $3.68. 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 Buying and Selling

In related news, CEO Gary C. Evans purchased 100,000 shares of the business's stock in a transaction that occurred on Friday, September 26th. The stock was bought at an average price of $6.13 per share, with a total value of $613,000.00. Following the acquisition, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.20% of the company's stock.

Institutional Investors Weigh In On United States Antimony

A number of large investors have recently modified their holdings of UAMY. Millennium Management LLC grew its holdings in shares of United States Antimony by 228.4% during the fourth quarter. Millennium Management LLC now owns 100,793 shares of the company's stock worth $178,000 after buying an additional 70,105 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of United States Antimony during the first quarter worth $240,000. Whittier Trust Co. purchased a new stake in shares of United States Antimony during the first quarter worth $115,000. XTX Topco Ltd purchased a new stake in shares of United States Antimony in the first quarter valued at about $80,000. Finally, Jefferies Financial Group Inc. grew its holdings in shares of United States Antimony by 23.7% in the first quarter. Jefferies Financial Group Inc. now owns 36,256 shares of the company's stock valued at $80,000 after purchasing an additional 6,956 shares during the period. Hedge funds and other institutional investors own 9.49% of the company's stock.

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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