United States Antimony (NYSE:UAMY) Trading Down 14.7% - Here's What Happened

Key Points

• United States Antimony's stock dropped 14.7% to close at $11.46 after trading as low as $11.21 on Tuesday, with trading volume increasing by 7% compared to its average.
• Analysts have mixed ratings on the stock, with a consensus target price of $4.38, while HC Wainwright recently raised its price objective from $4.50 to $8.50.
• CEO Gary C. Evans purchased 100,000 shares at an average price of $6.13, increasing his ownership in the company significantly.

United States Antimony Co. (NYSE:UAMY - Get Free Report) fell 14.7% during mid-day trading on Tuesday . The company traded as low as $11.21 and last traded at $11.46. 6,458,250 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 6,047,327 shares. The stock had previously closed at $13.43.

Analyst Upgrades and Downgrades

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

United States Antimony Stock Performance

The stock's fifty day moving average price is $6.78 and its two-hundred day moving average price is $4.27. 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 has a market cap of $1.61 billion, a P/E ratio of -297.70 and a beta of -0.10.

Insider Buying and Selling at United States Antimony

In other news, CEO Gary C. Evans purchased 100,000 shares of the business's stock in a transaction dated 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 approximately $14,582,154.34. The trade was a 4.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On United States Antimony

Institutional investors have recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. increased its position in United States Antimony by 405.0% during 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. Raymond James Financial Inc. acquired a new position in United States Antimony during the 2nd quarter worth approximately $33,000. E&G Advisors LP acquired a new position in United States Antimony during the 3rd quarter worth approximately $106,000. ProShare Advisors LLC acquired a new position in United States Antimony during the 2nd quarter worth approximately $41,000. Finally, Penbrook Management LLC acquired a new position in United States Antimony during the 2nd quarter worth approximately $44,000. 9.49% of the stock is currently owned by institutional investors and hedge funds.

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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