United States Antimony (NYSEAMERICAN:UAMY) Trading 6.9% Higher – Should You Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY) shares shot up 6.9% during trading on Tuesday . The company traded as high as $9.37 and last traded at $8.8640. 5,308,509 shares were traded during trading, a decline of 63% from the average session volume of 14,467,881 shares. The stock had previously closed at $8.29.

Wall Street Analysts Forecast Growth

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

United States Antimony Price Performance

The stock’s 50 day simple moving average is $6.38 and its 200-day simple moving average is $6.20. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -926.50 and a beta of -0.01.

United States Antimony (NYSEAMERICAN:UAMY) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business 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 anticipate that United States Antimony Co. will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UAMY. Victory Capital Management Inc. lifted its holdings in United States Antimony by 12.4% in the 3rd quarter. Victory Capital Management Inc. now owns 12,087 shares of the company’s stock worth $75,000 after purchasing an additional 1,332 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of United States Antimony by 28.1% in the third quarter. Jones Financial Companies Lllp now owns 10,130 shares of the company’s stock valued at $63,000 after purchasing an additional 2,223 shares during the period. Nova Wealth Management Inc. raised its position in shares of United States Antimony by 405.0% in the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock valued at $31,000 after purchasing an additional 4,050 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of United States Antimony in the fourth quarter worth $27,000. Finally, GK Wealth Management LLC boosted its holdings in shares of United States Antimony by 46.2% during the 4th quarter. GK Wealth Management LLC now owns 19,804 shares of the company’s stock worth $99,000 after buying an additional 6,254 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 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.