United States Antimony (NYSEAMERICAN:UAMY) Trading 9.4% Higher – Here’s What Happened

United States Antimony Co. (NYSEAMERICAN:UAMY) shares were up 9.4% during mid-day trading on Monday . The company traded as high as $8.64 and last traded at $8.37. Approximately 3,930,068 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 13,497,072 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. HC Wainwright upped their price objective on shares of United States Antimony from $8.50 to $10.25 and gave the stock a “buy” rating in a report on Thursday, November 13th. William Blair began coverage on shares of United States Antimony in a research 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 given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $6.08.

United States Antimony Stock Up 13.3%

The stock has a 50-day moving average of $6.34 and a 200 day moving average of $6.04. The company has a market capitalization of $1.23 billion, a PE ratio of -878.00 and a beta of -0.01.

United States Antimony (NYSEAMERICAN:UAMY) last announced 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%. Equities analysts forecast that United States Antimony Co. will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAMY. CoreCap Advisors LLC bought a new position in United States Antimony during the fourth quarter valued at $27,000. Nova Wealth Management Inc. boosted its stake in United States Antimony by 405.0% during the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock valued at $31,000 after buying an additional 4,050 shares during the period. Raymond James Financial Inc. purchased a new position in shares of United States Antimony during the second quarter worth about $33,000. ProShare Advisors LLC bought a new position in shares of United States Antimony in the 2nd quarter worth $41,000. Finally, Penbrook Management LLC bought a new position in United States Antimony in the second quarter valued at $44,000. 9.49% of the stock is currently owned by hedge funds and other institutional investors.

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.