United States Antimony (NYSE:UAMY) Shares Up 7.2% – Still a Buy?

United States Antimony Co. (NYSE:UAMY) shares shot up 7.2% on Tuesday . The stock traded as high as $6.38 and last traded at $6.3990. Approximately 1,644,693 shares were traded during trading, a decline of 87% from the average session volume of 12,386,301 shares. The stock had previously closed at $5.97.

Analysts Set New Price Targets

Several equities analysts have commented on UAMY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of United States Antimony in a report on Wednesday, June 17th. HC Wainwright increased their price target on shares of United States Antimony from $11.50 to $11.75 and gave the stock a “buy” rating in a research report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.25.

United States Antimony Stock Down 8.1%

The business’s 50 day simple moving average is $7.98 and its two-hundred day simple moving average is $8.53. The stock has a market cap of $878.62 million, a P/E ratio of -45.61 and a beta of 0.35.

Insider Transactions at United States Antimony

In other news, Director Jon R. Marinelli bought 12,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $7.45 per share, for a total transaction of $93,125.00. Following the completion of the transaction, the director owned 12,500 shares of the company’s stock, valued at $93,125. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UAMY. GK Wealth Management LLC bought a new position in United States Antimony in the 2nd quarter valued at approximately $162,000. Miller Global Investments LLC grew its holdings in United States Antimony by 2.9% during the 2nd quarter. Miller Global Investments LLC now owns 174,827 shares of the company’s stock worth $1,269,000 after acquiring an additional 4,885 shares during the last quarter. Verus Capital Partners LLC acquired a new position in United States Antimony in the 1st quarter valued at approximately $122,000. Royal Bank of Canada raised its stake in shares of United States Antimony by 109.3% during the first quarter. Royal Bank of Canada now owns 148,212 shares of the company’s stock valued at $1,294,000 after acquiring an additional 77,399 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of United States Antimony by 307.8% during the first quarter. Quantinno Capital Management LP now owns 123,546 shares of the company’s stock valued at $1,079,000 after acquiring an additional 93,250 shares during the last quarter. Institutional investors and hedge funds own 9.49% of the company’s stock.

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.