United States Antimony (NYSEAMERICAN:UAMY) Shares Gap Up – Still a Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY) shares gapped up before the market opened on Monday . The stock had previously closed at $10.85, but opened at $11.92. United States Antimony shares last traded at $10.0010, with a volume of 6,212,828 shares trading hands.

Wall Street Analysts Forecast Growth

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

United States Antimony Trading Down 13.9%

The business’s fifty day simple moving average is $6.56 and its two-hundred day simple moving average is $6.41. The stock has a market capitalization of $1.31 billion, a P/E ratio of -935.50 and a beta of -0.01.

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

Institutional Investors Weigh In On United States Antimony

A number of hedge funds have recently added to or reduced their stakes in UAMY. Vanguard Group Inc. lifted its holdings in United States Antimony by 22.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock worth $34,707,000 after buying an additional 1,026,412 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of United States Antimony in the 3rd quarter valued at $15,384,000. Truist Financial Corp boosted its position in shares of United States Antimony by 6.0% in the 3rd quarter. Truist Financial Corp now owns 2,151,318 shares of the company’s stock worth $13,338,000 after purchasing an additional 122,500 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of United States Antimony by 144.6% during the second quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock worth $4,264,000 after purchasing an additional 1,156,021 shares during the period. Finally, Soviero Asset Management LP lifted its stake in United States Antimony by 52.9% in the third quarter. Soviero Asset Management LP now owns 780,000 shares of the company’s stock valued at $4,836,000 after buying an additional 270,000 shares during the period. Institutional investors own 9.49% of the company’s stock.

About United States Antimony

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.