United States Antimony (NYSE:UAMY) Shares Down 6.9% – Time to Sell?

Shares of United States Antimony Co. (NYSE:UAMY) fell 6.9% on Wednesday . The stock traded as low as $5.98 and last traded at $6.0040. Approximately 1,921,965 shares were traded during mid-day trading, a decline of 84% from the average session volume of 12,332,483 shares. The stock had previously closed at $6.45.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. HC Wainwright raised their target price on shares of United States Antimony from $11.50 to $11.75 and gave the stock a “buy” rating in a report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United States Antimony in a research note on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.25.

United States Antimony Price Performance

The company has a market capitalization of $786.59 million, a P/E ratio of -40.83 and a beta of 0.35. The company has a 50 day moving average of $7.87 and a 200-day moving average of $8.52.

Insider Activity

In other United States Antimony news, Director Jon R. Marinelli bought 12,500 shares of United States Antimony stock in a transaction dated Monday, June 15th. The shares were purchased at an average cost of $7.45 per share, with a total value of $93,125.00. Following the completion of the purchase, the director owned 12,500 shares of the company’s stock, valued at approximately $93,125. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.20% of the company’s stock.

Institutional Trading of United States Antimony

Several large investors have recently added to or reduced their stakes in the stock. GK Wealth Management LLC bought a new position in United States Antimony in the 2nd quarter worth $162,000. Miller Global Investments LLC boosted its stake in shares of United States Antimony by 2.9% during the 2nd quarter. Miller Global Investments LLC now owns 174,827 shares of the company’s stock valued at $1,269,000 after purchasing an additional 4,885 shares in the last quarter. Verus Capital Partners LLC bought a new stake in shares of United States Antimony during the 1st quarter valued at about $122,000. Royal Bank of Canada increased its position in shares of United States Antimony by 109.3% during the first quarter. Royal Bank of Canada now owns 148,212 shares of the company’s stock valued at $1,294,000 after buying an additional 77,399 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of United States Antimony by 307.8% during the first quarter. Quantinno Capital Management LP now owns 123,546 shares of the company’s stock valued at $1,079,000 after buying an additional 93,250 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.