United States Antimony (NYSEAMERICAN:UAMY) Stock Price Down 5.2% – Here’s Why

United States Antimony Co. (NYSEAMERICAN:UAMY) traded down 5.2% during mid-day trading on Monday . The stock traded as low as $8.23 and last traded at $8.2340. 1,610,460 shares were traded during mid-day trading, a decline of 89% from the average session volume of 14,406,878 shares. The stock had previously closed at $8.69.

Wall Street Analyst Weigh In

A number of research firms have commented on UAMY. HC Wainwright reaffirmed a “buy” rating and set a $10.25 target price on shares of United States Antimony in a report on Tuesday, February 3rd. Alliance Global Partners reaffirmed a “buy” rating on shares of United States Antimony in a research note on Wednesday, February 11th. Finally, B. Riley Financial upped their price objective on United States Antimony from $9.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, United States Antimony presently has an average rating of “Buy” and an average target price of $8.75.

United States Antimony Stock Performance

The stock’s 50-day moving average is $8.82 and its 200 day moving average is $8.11. The firm has a market cap of $1.16 billion, a P/E ratio of -824.70 and a beta of -0.01.

Hedge Funds Weigh In On United States Antimony

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in shares of United States Antimony by 36.3% in the first quarter. Goldman Sachs Group Inc. now owns 359,692 shares of the company’s stock valued at $791,000 after purchasing an additional 95,811 shares in the last quarter. Geode Capital Management LLC lifted its stake in United States Antimony by 144.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock valued at $4,264,000 after acquiring an additional 1,156,021 shares in the last quarter. Creative Planning bought a new stake in United States Antimony in the 2nd quarter valued at approximately $368,000. JPMorgan Chase & Co. boosted its position in United States Antimony by 2,441.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 127,093 shares of the company’s stock worth $277,000 after acquiring an additional 122,093 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of United States Antimony during the 2nd quarter worth approximately $51,000. 9.49% of the stock is owned by institutional investors and hedge funds.

United States Antimony Company Profile

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.