United States Antimony Co. (NYSE:UAMY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $7.44, but opened at $7.75. United States Antimony shares last traded at $7.9960, with a volume of 1,847,197 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on UAMY shares. Weiss Ratings started coverage on United States Antimony in a research note on Friday, March 20th. They issued a “sell (d-)” rating for the company. HC Wainwright lifted their price objective on United States Antimony from $11.50 to $11.75 and gave the company a “buy” rating in a research note on Monday. Alliance Global Partners reaffirmed a “buy” rating on shares of United States Antimony in a research note on Wednesday, February 11th. Finally, B. Riley Financial lifted their price objective 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 research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.25.
Get Our Latest Research Report on United States Antimony
United States Antimony Stock Down 1.6%
United States Antimony (NYSE:UAMY – Get Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). United States Antimony had a negative return on equity of 7.20% and a negative net margin of 41.44%.The company had revenue of $13.03 million for the quarter, compared to analyst estimates of $11.75 million. Equities research analysts expect that United States Antimony Co. will post 0.04 EPS for the current year.
Institutional Trading of United States Antimony
Several hedge funds have recently added to or reduced their stakes in UAMY. Goldman Sachs Group Inc. raised its holdings in United States Antimony by 36.3% in the first quarter. Goldman Sachs Group Inc. now owns 359,692 shares of the company’s stock valued at $791,000 after acquiring an additional 95,811 shares in the last quarter. Geode Capital Management LLC raised its holdings in United States Antimony by 144.6% in the second quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock valued at $4,264,000 after acquiring an additional 1,156,021 shares in the last quarter. Creative Planning acquired a new stake in United States Antimony in the second quarter valued at approximately $368,000. JPMorgan Chase & Co. raised its holdings in United States Antimony by 2,441.9% in the second quarter. JPMorgan Chase & Co. now owns 127,093 shares of the company’s stock valued at $277,000 after acquiring an additional 122,093 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in United States Antimony in the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 9.49% of the company’s stock.
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.
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