United States Antimony (NYSEAMERICAN:UAMY) Trading Down 6.9% – Should You Sell?

United States Antimony Co. (NYSEAMERICAN:UAMY)’s share price dropped 6.9% during mid-day trading on Wednesday . The company traded as low as $5.99 and last traded at $5.9980. Approximately 1,776,695 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 7,068,455 shares. The stock had previously closed at $6.44.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UAMY shares. D. Boral Capital reiterated a “buy” rating and set a $5.00 price target on shares of United States Antimony in a research report on Thursday, August 14th. HC Wainwright raised their price objective on United States Antimony from $8.50 to $10.25 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, William Blair began coverage on United States Antimony in a report on Monday, October 20th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $6.08.

United States Antimony Price Performance

The firm has a market capitalization of $829.74 million, a PE ratio of -593.50 and a beta of 0.01. The company has a 50-day moving average price of $8.54 and a 200-day moving average price of $5.44.

United States Antimony (NYSEAMERICAN:UAMY) last announced its earnings results on Wednesday, November 12th. The company reported ($0.04) earnings per share for the quarter. The firm 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%. On average, research analysts predict that United States Antimony Co. will post -0.01 earnings per share for the current fiscal year.

Insider Transactions at United States Antimony

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

Hedge Funds Weigh In On United States Antimony

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new position in shares of United States Antimony in the 3rd quarter worth $15,384,000. Geode Capital Management LLC raised its holdings in United States Antimony by 144.6% in the second quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock valued at $4,264,000 after buying an additional 1,156,021 shares during the period. Vanguard Group Inc. lifted its position in United States Antimony by 22.5% during the third quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock valued at $34,707,000 after buying an additional 1,026,412 shares in the last quarter. Jump Financial LLC purchased a new stake in United States Antimony during the third quarter worth approximately $4,305,000. Finally, Invesco Ltd. grew its stake in United States Antimony by 739.0% during the third quarter. Invesco Ltd. now owns 506,925 shares of the company’s stock worth $3,143,000 after buying an additional 446,503 shares during the period. Institutional investors and hedge funds own 9.49% of the company’s stock.

About United States Antimony

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.