United States Antimony (NYSE:UAMY) Shares Down 5.8% – Here’s What Happened

United States Antimony Co. (NYSE:UAMY) dropped 5.8% during mid-day trading on Friday . The stock traded as low as $4.83 and last traded at $4.86. Approximately 2,003,651 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 11,226,925 shares. The stock had previously closed at $5.16.

Analyst Upgrades and Downgrades

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

United States Antimony Price Performance

The stock has a fifty day moving average of $6.09 and a 200 day moving average of $8.01. The firm has a market capitalization of $721.41 million, a P/E ratio of -37.08 and a beta of 0.39.

Insider Activity

In other United States Antimony news, Director Jon R. Marinelli bought 12,500 shares of the stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $7.45 per share, for a total transaction of $93,125.00. Following the purchase, the director directly owned 12,500 shares of the company’s stock, valued at approximately $93,125. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United States Antimony

Several institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV bought a new position in United States Antimony during the first quarter valued at about $31,000. Meeder Asset Management Inc. purchased a new position in United States Antimony in the fourth quarter valued at about $35,000. Harbour Investments Inc. grew its position 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 acquiring an additional 4,101 shares during the period. Geneos Wealth Management Inc. grew its position in shares of United States Antimony by 17.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,892 shares of the company’s stock valued at $86,000 after acquiring an additional 1,500 shares during the period. Finally, Focus Partners Wealth purchased a new stake in shares of United States Antimony during the 3rd quarter worth approximately $62,000. Institutional investors own 9.49% of the company’s stock.

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.