JPMorgan Chase & Co. Boosts Stock Holdings in United States Antimony Co. $UAMY

JPMorgan Chase & Co. boosted its stake in shares of United States Antimony Co. (NYSEAMERICAN:UAMY) by 108.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,547 shares of the company’s stock after purchasing an additional 138,454 shares during the period. JPMorgan Chase & Co.’s holdings in United States Antimony were worth $1,646,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Penn Capital Management Company LLC purchased a new position in United States Antimony during the third quarter worth approximately $329,000. Wexford Capital LP purchased a new position in United States Antimony during the third quarter worth approximately $1,979,000. Numerai GP LLC purchased a new position in United States Antimony during the third quarter worth approximately $131,000. Millennium Management LLC raised its stake in United States Antimony by 198.7% during the third quarter. Millennium Management LLC now owns 242,885 shares of the company’s stock worth $1,506,000 after purchasing an additional 161,569 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new position in United States Antimony during the third quarter worth approximately $1,860,000. Hedge funds and other institutional investors own 9.49% of the company’s stock.

United States Antimony Trading Up 8.7%

Shares of UAMY stock opened at $8.84 on Thursday. The company’s fifty day simple moving average is $8.75 and its 200-day simple moving average is $8.14. United States Antimony Co. has a 52 week low of $1.94 and a 52 week high of $19.71. The company has a market cap of $1.24 billion, a PE ratio of -884.00 and a beta of -0.01.

Wall Street Analysts Forecast Growth

UAMY has been the topic of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of United States Antimony in a research note 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 increased their price target on shares of United States Antimony from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $8.75.

United States Antimony 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.