United States Antimony (NYSEAMERICAN:UAMY) Shares Gap Up – Should You Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $4.82, but opened at $5.14. United States Antimony shares last traded at $5.5930, with a volume of 1,758,649 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UAMY. William Blair initiated coverage on United States Antimony in a report on Monday, October 20th. They set an “outperform” rating on the stock. HC Wainwright increased their target price on shares of United States Antimony from $8.50 to $10.25 and gave the company a “buy” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $6.08.

United States Antimony Stock Performance

The firm has a market capitalization of $793.33 million, a PE ratio of -564.50 and a beta of 0.01. The business’s 50 day moving average is $7.92 and its two-hundred day moving average is $5.59.

United States Antimony (NYSEAMERICAN:UAMY) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $8.70 million during 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.

Insider Buying and Selling at United States Antimony

In related news, CEO Gary C. Evans bought 100,000 shares of the company’s stock in a transaction on Friday, September 26th. The stock was acquired at an average cost of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,378,818 shares in the company, valued at $14,582,154.34. This trade represents a 4.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.20% of the company’s stock.

Institutional Trading of United States Antimony

A number of hedge funds have recently bought and sold shares of the company. Truist Financial Corp raised its stake in shares of United States Antimony by 14.1% in the second quarter. Truist Financial Corp now owns 2,028,818 shares of the company’s stock worth $4,423,000 after purchasing an additional 250,000 shares during the last quarter. Goldman Sachs Group Inc. grew its position in United States Antimony by 36.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 359,692 shares of the company’s stock worth $791,000 after purchasing an additional 95,811 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in United States Antimony during the 1st quarter valued at $436,000. CW Advisors LLC bought a new position in shares of United States Antimony during the 1st quarter valued at $352,000. Finally, Penbrook Management LLC bought a new stake in shares of United States Antimony in the second quarter worth $44,000. 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.