United States Antimony (NYSE:UAMY) Stock Moved Up to “Strong-Buy” by Texas Capital

Texas Capital upgraded shares of United States Antimony (NYSE:UAMY) to a strong-buy rating in a research report report published on Wednesday morning,Zacks reports.

A number of other analysts also recently issued reports on UAMY. HC Wainwright dropped their target price on shares of United States Antimony from $11.75 to $9.25 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United States Antimony in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, United States Antimony presently has an average rating of “Moderate Buy” and an average target price of $10.12.

United States Antimony Price Performance

United States Antimony stock opened at $3.73 on Wednesday. The stock’s 50-day moving average is $5.04 and its 200-day moving average is $7.11. The company has a market cap of $557.52 million, a price-to-earnings ratio of -28.65 and a beta of 0.38. United States Antimony has a 12 month low of $3.65 and a 12 month high of $19.71.

Insiders Place Their Bets

In related news, Director Joseph Carrabba purchased 21,300 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was purchased at an average price of $4.72 per share, for a total transaction of $100,536.00. Following the acquisition, the director directly owned 198,401 shares in the company, valued at $936,452.72. The trade was a 12.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary Evans acquired 20,000 shares of the stock in a transaction on Friday, August 28th. The stock was purchased at an average cost of $4.92 per share, with a total value of $98,400.00. Following the transaction, the chief executive officer directly owned 2,590,028 shares of the company’s stock, valued at $12,742,937.76. This represents a 0.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 62,700 shares of company stock worth $298,592 in the last 90 days. 5.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UAMY. BlackRock Inc. purchased a new stake in United States Antimony during the 2nd quarter worth $82,365,000. Bank of America Corp DE purchased a new position in United States Antimony in the 2nd quarter valued at about $4,208,000. Faithward Advisors LLC grew its stake in shares of United States Antimony by 60.1% during the first quarter. Faithward Advisors LLC now owns 375,718 shares of the company’s stock valued at $3,280,000 after acquiring an additional 141,040 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of United States Antimony during the second quarter valued at about $2,871,000. Finally, Next Century Growth Investors LLC purchased a new stake in shares of United States Antimony during the fourth quarter worth about $2,412,000. 9.49% of the stock is currently owned by hedge funds and other institutional investors.

About United States Antimony

United States Antimony Corporation, through its subsidiaries, produces and sells antimony, precious metals and related specialty materials. Its products include antimony oxide, antimony metal, sodium antimonate and other antimony compounds used in applications such as flame retardants, ceramics, glass, pigments, batteries and other industrial products.

The company also processes and refines antimony-bearing materials and recovers precious metals from selected raw materials and recyclable sources.