United States Antimony (NYSE:UAMY) Shares Up 6.7% – Still a Buy?

United States Antimony Co. (NYSE:UAMY)’s share price was up 6.7% during mid-day trading on Thursday . The stock traded as high as $5.46 and last traded at $5.3010. 4,385,551 shares were traded during mid-day trading, a decline of 62% from the average session volume of 11,564,197 shares. The stock had previously closed at $4.97.

Wall Street Analysts Forecast Growth

UAMY has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of United States Antimony in a research report on Wednesday, June 17th. HC Wainwright cut their target price on United States Antimony from $11.75 to $9.25 and set a “buy” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, United States Antimony currently has an average rating of “Moderate Buy” and a consensus price target of $10.12.

United States Antimony Trading Up 3.3%

The stock has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $8.23. The stock has a market capitalization of $825.43 million, a price-to-earnings ratio of -42.42 and a beta of 0.39.

Insiders Place Their Bets

In related news, Director Jon R. Marinelli acquired 12,500 shares of the company’s stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $7.45 per share, for a total transaction of $93,125.00. Following the purchase, the director owned 12,500 shares in the company, valued at $93,125. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On United States Antimony

Several institutional investors and hedge funds have recently modified their holdings of UAMY. KBC Group NV purchased a new stake in shares of United States Antimony during the first quarter worth $31,000. Raymond James Financial Inc. purchased a new position in United States Antimony in the second quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new position in United States Antimony in the 4th quarter worth about $35,000. Harbour Investments Inc. increased its position in United States Antimony by 106.2% in the 4th quarter. Harbour Investments Inc. now owns 7,962 shares of the company’s stock worth $40,000 after purchasing an additional 4,101 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of United States Antimony by 925.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,250 shares of the company’s stock worth $51,000 after purchasing an additional 9,250 shares in the last quarter. 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.