United States Antimony (NYSE:UAMY) Trading Down 8.1% - What's Next?

Key Points

• United States Antimony shares fell 8.1% to about $5.27 in Thursday trading, with volume sharply below the stock’s average. The stock has declined below both its 50-day and 200-day moving averages.
• Analyst sentiment remains cautiously positive, with four Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $10.12. HC Wainwright, however, recently lowered its target from $11.75 to $9.25.
• Director Jon R. Marinelli bought 12,500 shares at $7.45 each, while insiders own 5.5% of the company and institutional investors own 9.49%.

United States Antimony Co. (NYSE:UAMY - Get Free Report) fell 8.1% during trading on Thursday . The company traded as low as $5.30 and last traded at $5.2650. Approximately 745,226 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 11,409,479 shares. The stock had previously closed at $5.73.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UAMY shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of United States Antimony in a research report on Wednesday, June 17th. HC Wainwright decreased their target price on shares of United States Antimony from $11.75 to $9.25 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.12.

United States Antimony Stock Down 9.2%

The firm has a 50 day simple moving average of $6.35 and a two-hundred day simple moving average of $8.14. The stock has a market capitalization of $779.03 million, a P/E ratio of -40.04 and a beta of 0.39.

Insider Activity at United States Antimony

In other United States Antimony news, Director Jon R. Marinelli purchased 12,500 shares of the stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $7.45 per share, with a total value of $93,125.00. Following the acquisition, the director owned 12,500 shares of the company's stock, valued at approximately $93,125. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.50% of the company's stock.

Institutional Trading of United States Antimony

Large investors have recently bought and sold shares of the business. KBC Group NV acquired a new position in United States Antimony during the first quarter worth about $31,000. Raymond James Financial Inc. acquired a new stake in shares of United States Antimony in the 2nd quarter valued at approximately $33,000. Meeder Asset Management Inc. acquired a new stake in shares of United States Antimony in the 4th quarter valued at approximately $35,000. Harbour Investments Inc. grew its holdings in shares of United States Antimony by 106.2% during the 4th quarter. Harbour Investments Inc. now owns 7,962 shares of the company's stock valued at $40,000 after purchasing an additional 4,101 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of United States Antimony by 925.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,250 shares of the company's stock valued at $51,000 after purchasing an additional 9,250 shares during the last quarter. 9.49% of the stock is owned by institutional investors and hedge funds.

About United States Antimony

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source