Shares of United States Antimony Co. (NYSE:UAMY - Get Free Report) dropped 5.7% during trading on Tuesday . The stock traded as low as $11.01 and last traded at $11.0780. Approximately 3,333,902 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 14,004,449 shares. The stock had previously closed at $11.75.
Wall Street Analysts Forecast Growth
UAMY has been the topic of several analyst reports. Alliance Global Partners reiterated a "buy" rating on shares of United States Antimony in a report on Wednesday, February 11th. Weiss Ratings initiated coverage on United States Antimony in a report on Friday, March 20th. They issued a "sell (d-)" rating on the stock. B. Riley Financial upped their target price on United States Antimony from $9.00 to $11.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. Finally, HC Wainwright upped their target price on United States Antimony from $10.25 to $11.50 and gave the company a "buy" rating in a report on Monday, March 23rd. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.17.
Check Out Our Latest Stock Report on United States Antimony
United States Antimony Stock Down 7.6%
The company has a 50 day simple moving average of $9.46 and a 200-day simple moving average of $8.27. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -217.44 and a beta of 0.43.
United States Antimony (NYSE:UAMY - Get Free Report) last issued its earnings results on Thursday, March 19th. The company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01). United States Antimony had a negative return on equity of 6.14% and a negative net margin of 11.05%.The company had revenue of $13.03 million for the quarter, compared to analyst estimates of $11.75 million. As a group, sell-side analysts anticipate that United States Antimony Co. will post 0.03 earnings per share for the current fiscal year.
Hedge Funds Weigh In On United States Antimony
A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of United States Antimony by 30.5% during the fourth quarter. State Street Corp now owns 7,669,026 shares of the company's stock worth $38,499,000 after purchasing an additional 1,794,234 shares during the period. Vanguard Group Inc. raised its position in shares of United States Antimony by 22.5% during the third quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company's stock worth $34,707,000 after purchasing an additional 1,026,412 shares during the period. Geode Capital Management LLC raised its position in shares of United States Antimony by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 2,655,922 shares of the company's stock worth $13,336,000 after purchasing an additional 484,172 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in United States Antimony in the 3rd quarter valued at $15,384,000. Finally, Truist Financial Corp raised its position in United States Antimony by 6.0% in the 3rd quarter. Truist Financial Corp now owns 2,151,318 shares of the company's stock valued at $13,338,000 after buying an additional 122,500 shares during the last quarter. 9.49% of the stock is owned by institutional investors and hedge funds.
United States Antimony Company Profile
(
Get Free Report)
United States Antimony Corporation is a specialized mining and chemical company focused primarily on the production and processing of antimony and antimony-based compounds. The company operates its own extraction and milling facilities to recover antimony metal and antimony trioxide, which serve as critical raw materials in industries such as flame retardants for plastics and textiles, catalysts for chemical processes, and additives for glass and ceramics. In addition to antimony, United States Antimony maintains smaller-scale gold and silver operations in Mexico that provide supplementary revenue streams and diversification of its mineral portfolio.
Founded in the mid-20th century, United States Antimony has evolved from a single‐mine operator into a multinational enterprise with mining and processing sites in both the United States and Mexico.
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