United States Antimony (NYSE:UAMY) Shares Down 8.1% – What’s Next?

United States Antimony Co. (NYSE:UAMY)’s share price dropped 8.1% on Thursday . The company traded as low as $5.30 and last traded at $5.2650. 745,226 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 11,409,479 shares. The stock had previously closed at $5.73.

Analysts Set New Price Targets

UAMY has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United States Antimony in a research note on Wednesday, June 17th. HC Wainwright dropped their price target on United States Antimony from $11.75 to $9.25 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, United States Antimony currently has an average rating of “Moderate Buy” and an average price target of $10.12.

United States Antimony Price Performance

The company has a market capitalization of $779.03 million, a P/E ratio of -40.04 and a beta of 0.39. The company has a fifty day moving average price of $6.35 and a two-hundred day moving average price of $8.14.

Insider Buying and Selling

In other United States Antimony news, Director Jon R. Marinelli bought 12,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $7.45 per share, for a total transaction of $93,125.00. Following the transaction, the director directly owned 12,500 shares in the company, valued at approximately $93,125. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United States Antimony

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. McGowan Group Asset Management Inc. bought a new stake in shares of United States Antimony in the fourth quarter worth $2,216,000. Faithward Advisors LLC bought a new position in United States Antimony during the 4th quarter worth $1,178,000. Virtu Financial LLC bought a new position in United States Antimony during the 4th quarter worth $945,000. UBS Group AG raised its position in United States Antimony by 416.0% during the 4th quarter. UBS Group AG now owns 1,283,636 shares of the company’s stock worth $6,444,000 after purchasing an additional 1,034,880 shares during the last quarter. Finally, Next Century Growth Investors LLC acquired a new position in United States Antimony during the 4th quarter worth about $2,412,000. 9.49% of the stock is currently owned by institutional investors and hedge funds.

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.