United States Antimony (NYSEAMERICAN:UAMY) Shares Down 6.3% – Here’s What Happened

United States Antimony Co. (NYSEAMERICAN:UAMY)’s stock price dropped 6.3% during mid-day trading on Tuesday . The stock traded as low as $10.23 and last traded at $10.2850. Approximately 4,771,704 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 14,917,823 shares. The stock had previously closed at $10.98.

Analysts Set New Price Targets

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

United States Antimony Stock Down 3.6%

The firm’s 50 day moving average is $8.71 and its two-hundred day moving average is $7.69. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -1,053.50 and a beta of -0.01.

Institutional Trading of United States Antimony

Several hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC acquired a new position in United States Antimony during the 4th quarter valued at approximately $27,000. Nova Wealth Management Inc. increased its position in United States Antimony by 405.0% in the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock worth $31,000 after buying an additional 4,050 shares during the period. Raymond James Financial Inc. bought a new stake in United States Antimony in the second quarter valued at $33,000. Meeder Asset Management Inc. bought a new stake in United States Antimony in the fourth quarter valued at $35,000. Finally, Harbour Investments Inc. boosted its holdings in shares of United States Antimony by 106.2% during the fourth 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. 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.