United States Antimony (NYSEAMERICAN:UAMY) Shares Up 10.6% – Time to Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY) shares were up 10.6% on Monday . The stock traded as high as $8.70 and last traded at $9.0240. Approximately 4,334,136 shares changed hands during trading, a decline of 71% from the average daily volume of 15,025,405 shares. The stock had previously closed at $8.16.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UAMY shares. Alliance Global Partners reiterated a “buy” rating on shares of United States Antimony in a report on Wednesday, February 11th. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of United States Antimony in a research report on Tuesday, February 3rd. Finally, B. Riley Financial lifted their price target on United States Antimony from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $8.75.

United States Antimony Stock Up 3.8%

The company has a market capitalization of $1.30 billion, a P/E ratio of -928.00 and a beta of -0.01. The business’s 50-day moving average is $8.89 and its two-hundred day moving average is $7.89.

Institutional Trading of United States Antimony

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in United States Antimony by 30.5% in the fourth quarter. State Street Corp now owns 7,669,026 shares of the company’s stock worth $38,499,000 after purchasing an additional 1,794,234 shares during the last quarter. Vanguard Group Inc. increased its position in shares of United States Antimony by 22.5% during 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 last quarter. Geode Capital Management LLC raised its stake in shares of United States Antimony by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 2,655,922 shares of the company’s stock worth $13,336,000 after purchasing an additional 484,172 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of United States Antimony in the 3rd quarter worth about $15,384,000. Finally, Truist Financial Corp boosted its holdings in shares of United States Antimony by 6.0% in the 3rd quarter. Truist Financial Corp now owns 2,151,318 shares of the company’s stock worth $13,338,000 after buying an additional 122,500 shares during the last quarter. 9.49% of the stock is owned by hedge funds and other institutional investors.

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.