United States Antimony (NYSE:UAMY) Shares Down 9% – Time to Sell?

Shares of United States Antimony Co. (NYSE:UAMY) were down 9% during mid-day trading on Wednesday . The company traded as low as $9.21 and last traded at $9.27. Approximately 4,348,451 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 13,655,124 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UAMY shares. Weiss Ratings initiated coverage on United States Antimony in a research note on Friday, March 20th. They issued a “sell (d-)” rating on the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of United States Antimony in a report on Wednesday, February 11th. B. Riley Financial lifted their price target on United States Antimony from $9.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, HC Wainwright lifted their price target on United States Antimony from $11.50 to $11.75 and gave the company a “buy” rating in a report on Monday, May 18th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, United States Antimony has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

United States Antimony Stock Down 10.1%

The firm has a market capitalization of $1.36 billion, a P/E ratio of -70.46 and a beta of 0.31. The business’s 50 day moving average is $9.46 and its two-hundred day moving average is $8.23.

United States Antimony (NYSE:UAMY) last announced its earnings results on Thursday, March 19th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). United States Antimony had a negative return on equity of 7.20% and a negative net margin of 41.44%.The firm had revenue of $13.03 million for the quarter, compared to analysts’ expectations of $11.75 million. As a group, equities analysts anticipate that United States Antimony Co. will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United States Antimony

Several hedge funds and other institutional investors have recently bought and sold shares of UAMY. CoreCap Advisors LLC bought a new stake in United States Antimony in the fourth quarter worth about $27,000. KBC Group NV bought a new stake in United States Antimony in the first quarter worth about $31,000. Raymond James Financial Inc. bought a new stake in United States Antimony in the second quarter worth about $33,000. Meeder Asset Management Inc. bought a new stake in United States Antimony in the fourth quarter worth about $35,000. Finally, Harbour Investments Inc. raised its position in United States Antimony by 106.2% in the fourth quarter. Harbour Investments Inc. now owns 7,962 shares of the company’s stock worth $40,000 after acquiring an additional 4,101 shares in the last quarter. 9.49% of the stock is currently owned by 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.