United States Antimony (NYSEAMERICAN:UAMY) Shares Down 6.6% – Should You Sell?

United States Antimony Co. (NYSEAMERICAN:UAMY) was down 6.6% on Monday . The company traded as low as $5.74 and last traded at $5.8260. Approximately 4,332,958 shares changed hands during trading, a decline of 39% from the average daily volume of 7,149,550 shares. The stock had previously closed at $6.24.

Wall Street Analyst Weigh In

UAMY has been the subject of a number of recent analyst reports. 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 report on Thursday, November 13th. William Blair initiated coverage on United States Antimony in a research note on Monday, October 20th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $6.08.

United States Antimony Price Performance

The stock has a market capitalization of $790.53 million, a price-to-earnings ratio of -564.50 and a beta of 0.01. The company’s 50-day simple moving average is $7.10 and its 200-day simple moving average is $5.69.

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 for the quarter. United States Antimony had a negative return on equity of 11.58% and a negative net margin of 15.49%. Research analysts expect that United States Antimony Co. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On United States Antimony

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in shares of United States Antimony in the third quarter valued at about $15,384,000. Geode Capital Management LLC raised its stake in United States Antimony by 144.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock worth $4,264,000 after purchasing an additional 1,156,021 shares in the last quarter. Vanguard Group Inc. boosted its holdings in United States Antimony by 22.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock valued at $34,707,000 after purchasing an additional 1,026,412 shares during the period. Jump Financial LLC acquired a new position in shares of United States Antimony during the 3rd quarter worth approximately $4,305,000. Finally, Invesco Ltd. increased its holdings in shares of 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 purchasing an additional 446,503 shares during the period. 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.