United States Antimony (NYSEAMERICAN:UAMY) Stock Price Down 10.4% – Here’s What Happened

Shares of United States Antimony Co. (NYSEAMERICAN:UAMY) were down 10.4% during mid-day trading on Wednesday . The stock traded as low as $9.02 and last traded at $8.6430. Approximately 2,191,152 shares were traded during trading, a decline of 88% from the average daily volume of 17,867,943 shares. The stock had previously closed at $9.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UAMY shares. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of United States Antimony in a report on Tuesday. William Blair initiated coverage on shares of 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 issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $6.08.

United States Antimony Stock Down 18.1%

The firm’s 50-day moving average is $6.92 and its 200-day moving average is $6.69. The company has a market capitalization of $1.11 billion, a PE ratio of -790.50 and a beta of 0.10.

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

Institutional Trading of United States Antimony

Institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new position in United States Antimony in the 3rd quarter worth $15,384,000. Geode Capital Management LLC raised its position in shares of United States Antimony by 144.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock worth $4,264,000 after acquiring an additional 1,156,021 shares in the last quarter. UBS Group AG lifted its stake in shares of United States Antimony by 416.0% in the 4th quarter. UBS Group AG now owns 1,283,636 shares of the company’s stock valued at $6,444,000 after purchasing an additional 1,034,880 shares during the period. Vanguard Group Inc. grew its stake in United States Antimony by 22.5% in the third quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock worth $34,707,000 after purchasing an additional 1,026,412 shares during the period. Finally, Jump Financial LLC purchased a new position in United States Antimony during the third quarter valued at $4,305,000. 9.49% of the stock is currently 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.