United States Antimony (NYSE:UAMY) Trading Up 5.5% - Here's What Happened

Key Points

• United States Antimony's stock increased by 5.5%, reaching a high of $4.95 during trading, with a significant volume of over 2.36 million shares exchanged.
• Wall Street analysts have varied opinions on the stock, with one downgrade to a "sell" and multiple "buy" ratings, projecting target prices between $4.50 and $5.00.
• Institutional investors have significantly increased their stakes in United States Antimony, with notable increases from firms like Tower Research Capital and Two Sigma Advisers.

United States Antimony Co. (NYSE:UAMY - Get Free Report)'s stock price was up 5.5% during mid-day trading on Tuesday . The stock traded as high as $4.95 and last traded at $4.55. Approximately 2,363,153 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 4,061,577 shares. The stock had previously closed at $4.31.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UAMY shares. Wall Street Zen downgraded United States Antimony from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th. HC Wainwright reiterated a "buy" rating and issued a $4.50 target price on shares of United States Antimony in a research note on Wednesday, August 13th. Finally, D. Boral Capital reiterated a "buy" rating and issued a $5.00 target price on shares of United States Antimony in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $3.38.

United States Antimony Price Performance

The company has a market capitalization of $575.02 million, a price-to-earnings ratio of -115.13 and a beta of 0.05. The company has a quick ratio of 5.84, a current ratio of 6.24 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $3.63 and a 200 day simple moving average of $2.90.

Institutional Investors Weigh In On United States Antimony

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in United States Antimony by 2,205.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,716 shares of the company's stock worth $47,000 after acquiring an additional 25,557 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of United States Antimony in the fourth quarter worth about $40,000. Two Sigma Advisers LP purchased a new stake in shares of United States Antimony in the fourth quarter worth about $407,000. Two Sigma Investments LP purchased a new stake in shares of United States Antimony in the fourth quarter worth about $565,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of United States Antimony in the fourth quarter worth about $209,000. 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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