HC Wainwright Reiterates Buy Rating for United States Antimony (NYSE:UAMY)

Key Points

• United States Antimony's (UAMY) stock has been reaffirmed with a "buy" rating by HC Wainwright, accompanied by a target price of $4.50, suggesting a potential upside of 17.80% from its current value.
• Multiple analysts have recently issued ratings for the stock, resulting in a consensus rating of "Moderate Buy" with an average target price of $3.38.
• Recent institutional activity shows significant increases in stock holdings by various hedge funds, indicating growing interest in United States Antimony's shares.

United States Antimony (NYSE:UAMY - Get Free Report)'s stock had its "buy" rating reissued by HC Wainwright in a research note issued on Wednesday,Benzinga reports. They currently have a $4.50 price target on the stock. HC Wainwright's price target would suggest a potential upside of 8.96% from the company's current price.

Several other equities analysts have also recently issued reports on the stock. Wall Street Zen cut shares of United States Antimony from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th. B. Riley reissued a "buy" rating on shares of United States Antimony in a research note on Tuesday, April 15th. D. Boral Capital reissued a "buy" rating and issued a $5.00 price objective on shares of United States Antimony in a research note on Monday, May 12th. Finally, D Boral Capital raised shares of United States Antimony to a "strong-buy" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United States Antimony currently has a consensus rating of "Moderate Buy" and an average price target of $3.38.

United States Antimony Stock Performance

UAMY stock traded up $0.12 on Wednesday, hitting $4.13. The company's stock had a trading volume of 5,996,853 shares, compared to its average volume of 3,878,097. The firm has a 50 day moving average of $3.05 and a two-hundred day moving average of $2.56. United States Antimony has a 1 year low of $0.40 and a 1 year high of $4.19. The stock has a market cap of $491.89 million, a price-to-earnings ratio of -103.25 and a beta of 0.11. The company has a current ratio of 6.24, a quick ratio of 5.84 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On United States Antimony

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of United States Antimony during the 2nd quarter worth $33,000. Cetera Investment Advisers acquired a new position in shares of United States Antimony during the 4th quarter worth $40,000. ProShare Advisors LLC acquired a new position in shares of United States Antimony during the 2nd quarter worth $41,000. Penbrook Management LLC acquired a new position in shares of United States Antimony during the 2nd quarter worth $44,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of United States Antimony by 2,205.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 26,716 shares of the company's stock worth $47,000 after purchasing an additional 25,557 shares during the period. 9.49% of the stock is owned by institutional investors and hedge funds.

About United States Antimony

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.