United States Antimony (NYSE:UAMY) Trading Up 6.7% – Here’s Why

Shares of United States Antimony Co. (NYSE:UAMY) shot up 6.7% during trading on Thursday . The company traded as high as $5.46 and last traded at $5.3010. 4,385,551 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 11,564,197 shares. The stock had previously closed at $4.97.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UAMY. HC Wainwright lowered their price objective on shares of United States Antimony from $11.75 to $9.25 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United States Antimony in a research report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.42.

United States Antimony Stock Up 5.7%

The company has a market cap of $778.74 million, a P/E ratio of -40.42 and a beta of 0.39. The business has a fifty day simple moving average of $6.57 and a two-hundred day simple moving average of $8.29.

Insider Buying and Selling at United States Antimony

In other United States Antimony news, Director Jon R. Marinelli acquired 12,500 shares of the stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $7.45 per share, for a total transaction of $93,125.00. Following the purchase, the director directly owned 12,500 shares of the company’s stock, valued at approximately $93,125. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 5.50% of the stock is owned by company insiders.

Institutional Trading of United States Antimony

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAMY. Revisor Wealth Management LLC lifted its position in shares of United States Antimony by 9.0% during the 1st quarter. Revisor Wealth Management LLC now owns 13,650 shares of the company’s stock valued at $119,000 after buying an additional 1,125 shares in the last quarter. Victory Capital Management Inc. increased its holdings in United States Antimony by 12.4% in the 3rd quarter. Victory Capital Management Inc. now owns 12,087 shares of the company’s stock worth $75,000 after acquiring an additional 1,332 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in United States Antimony by 17.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,892 shares of the company’s stock worth $86,000 after acquiring an additional 1,500 shares in the last quarter. Lincoln Capital LLC raised its stake in United States Antimony by 24.9% during the 1st quarter. Lincoln Capital LLC now owns 14,340 shares of the company’s stock worth $125,000 after acquiring an additional 2,857 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in United States Antimony by 27.7% during the 4th quarter. Sanctuary Advisors LLC now owns 14,052 shares of the company’s stock worth $71,000 after acquiring an additional 3,052 shares during the period. 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.