Texas Capital Upgrades United States Antimony (NYSE:UAMY) to “Strong-Buy”

United States Antimony (NYSE:UAMY) was upgraded by Texas Capital to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

A number of other research firms have also recently commented on UAMY. HC Wainwright reduced their price target on United States Antimony from $11.75 to $9.25 and set a “buy” rating for the company in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United States Antimony in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.12.

United States Antimony Stock Performance

Shares of UAMY stock opened at $3.73 on Wednesday. The firm’s 50-day moving average is $5.04 and its 200-day moving average is $7.11. The stock has a market cap of $557.52 million, a price-to-earnings ratio of -28.65 and a beta of 0.38. United States Antimony has a 52-week low of $3.65 and a 52-week high of $19.71.

Insider Activity

In related news, Director Joseph A. Carrabba bought 21,300 shares of United States Antimony stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average price of $4.72 per share, with a total value of $100,536.00. Following the acquisition, the director owned 198,401 shares of the company’s stock, valued at approximately $936,452.72. This represents a 12.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary C. Evans purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average price of $4.92 per share, for a total transaction of $98,400.00. Following the purchase, the chief executive officer owned 2,590,028 shares in the company, valued at $12,742,937.76. The trade was a 0.78% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 62,700 shares of company stock valued at $298,592 over the last ninety days. 5.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United States Antimony

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of United States Antimony during the second quarter worth approximately $82,365,000. Bank of America Corp DE bought a new position in shares of United States Antimony during the second quarter worth approximately $4,208,000. Next Century Growth Investors LLC bought a new position in shares of United States Antimony during the fourth quarter worth approximately $2,412,000. Bank of New York Mellon Corp acquired a new stake in United States Antimony during the 2nd quarter worth approximately $2,871,000. Finally, Orchard Capital Management LLC acquired a new stake in United States Antimony during the 2nd quarter worth approximately $2,230,000. 9.49% of the stock is currently owned by institutional investors and hedge funds.

About United States Antimony

United States Antimony Corporation, through its subsidiaries, produces and sells antimony, precious metals and related specialty materials. Its products include antimony oxide, antimony metal, sodium antimonate and other antimony compounds used in applications such as flame retardants, ceramics, glass, pigments, batteries and other industrial products.

The company also processes and refines antimony-bearing materials and recovers precious metals from selected raw materials and recyclable sources.