United States Antimony (NYSEAMERICAN:UAMY) Shares Gap Up – Here’s Why

United States Antimony Co. (NYSEAMERICAN:UAMY) gapped up before the market opened on Monday . The stock had previously closed at $7.33, but opened at $7.88. United States Antimony shares last traded at $7.63, with a volume of 5,512,930 shares trading hands.

Wall Street Analyst Weigh In

UAMY has been the topic of several analyst reports. HC Wainwright lifted their price objective on United States Antimony from $8.50 to $10.25 and gave the stock a “buy” rating in a report on Thursday, November 13th. William Blair assumed coverage on United States Antimony in a research report on Monday, October 20th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, United States Antimony presently has a consensus rating of “Buy” and a consensus price target of $6.08.

United States Antimony Stock Up 10.4%

The business has a fifty day moving average of $6.81 and a 200 day moving average of $6.62. The company has a market cap of $1.13 billion, a P/E ratio of -807.50 and a beta of 0.10.

United States Antimony (NYSEAMERICAN:UAMY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. United States Antimony had a negative net margin of 15.49% and a negative return on equity of 11.58%. The company had revenue of $8.70 million for the quarter. On average, sell-side analysts anticipate that United States Antimony Co. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On United States Antimony

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new position in United States Antimony in the fourth quarter worth $27,000. Nova Wealth Management Inc. increased its stake in shares of United States Antimony by 405.0% in the 3rd quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock worth $31,000 after acquiring an additional 4,050 shares in the last quarter. Raymond James Financial Inc. purchased a new position in United States Antimony during the 2nd quarter valued at about $33,000. ProShare Advisors LLC bought a new stake in United States Antimony during the second quarter worth about $41,000. Finally, Penbrook Management LLC purchased a new stake in United States Antimony in the second quarter worth about $44,000. 9.49% of the stock is owned by hedge funds and other institutional investors.

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.