United States Antimony (NYSEAMERICAN:UAMY) Stock Price Up 10.4% – What’s Next?

United States Antimony Co. (NYSEAMERICAN:UAMY) shares rose 10.4% on Thursday . The company traded as high as $6.98 and last traded at $7.0240. Approximately 14,070,663 shares changed hands during trading, an increase of 108% from the average daily volume of 6,774,751 shares. The stock had previously closed at $6.36.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UAMY shares. William Blair initiated coverage on United States Antimony in a report on Monday, October 20th. They set an “outperform” rating for the company. HC Wainwright raised their price objective on shares of United States Antimony from $4.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, D. Boral Capital reiterated a “buy” rating and issued a $5.00 target price on shares of United States Antimony in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $4.38.

United States Antimony Stock Up 17.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.84 and a current ratio of 6.24. The firm’s fifty day simple moving average is $8.10 and its 200 day simple moving average is $4.89. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -208.00 and a beta of -0.10.

Insiders Place Their Bets

In related news, CEO Gary C. Evans bought 100,000 shares of United States Antimony stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average cost of $6.13 per share, with a total value of $613,000.00. Following the purchase, the chief executive officer owned 2,378,818 shares in the company, valued at approximately $14,582,154.34. This trade represents a 4.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On United States Antimony

Hedge funds have recently modified their holdings of the stock. Nova Wealth Management Inc. raised its holdings in United States Antimony by 405.0% during the third 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. bought a new position in United States Antimony in the second quarter valued at approximately $33,000. ProShare Advisors LLC acquired a new position in shares of United States Antimony during the 2nd quarter worth approximately $41,000. Penbrook Management LLC acquired a new position in shares of United States Antimony during the 2nd quarter worth approximately $44,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of United States Antimony during the 2nd quarter worth approximately $47,000. Institutional investors own 9.49% of the company’s stock.

United States Antimony Company Profile

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.