United States Antimony (NYSEAMERICAN:UAMY) Shares Gap Down – What’s Next?

United States Antimony Co. (NYSEAMERICAN:UAMY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $9.87, but opened at $9.40. United States Antimony shares last traded at $9.1540, with a volume of 2,270,368 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UAMY shares. Alliance Global Partners restated a “buy” rating on shares of United States Antimony in a research report on Wednesday, February 11th. HC Wainwright reaffirmed a “buy” rating and set a $10.25 target price on shares of United States Antimony in a report on Tuesday, February 3rd. Finally, B. Riley Financial upped their price target on shares of United States Antimony from $9.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $8.75.

United States Antimony Trading Down 10.2%

The stock has a market cap of $1.24 billion, a PE ratio of -886.50 and a beta of -0.01. The firm has a fifty day simple moving average of $8.91 and a two-hundred day simple moving average of $7.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC purchased a new position in shares of United States Antimony in the 3rd quarter worth about $15,384,000. Miller Global Investments LLC purchased a new stake in United States Antimony in the fourth quarter worth approximately $862,000. Kornitzer Capital Management Inc. KS bought a new position in United States Antimony during the third quarter valued at approximately $713,000. Soviero Asset Management LP raised its stake in shares of United States Antimony by 180.2% during the second quarter. Soviero Asset Management LP now owns 510,000 shares of the company’s stock worth $1,112,000 after acquiring an additional 328,000 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of United States Antimony in the 2nd quarter worth approximately $47,000. 9.49% of the stock is currently 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.