United States Antimony Co. (NYSE:UAMY – Get Free Report) shares dropped 9% during mid-day trading on Wednesday . The company traded as low as $9.21 and last traded at $9.27. Approximately 4,348,451 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 13,655,124 shares. The stock had previously closed at $10.19.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on UAMY. B. Riley Financial raised their price objective on United States Antimony from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Weiss Ratings began coverage on United States Antimony in a research report on Friday, March 20th. They set a “sell (d-)” rating for the company. HC Wainwright raised their price objective on United States Antimony from $11.50 to $11.75 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of United States Antimony in a research report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.25.
Read Our Latest Report on UAMY
United States Antimony Stock Performance
United States Antimony (NYSE:UAMY – Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $13.03 million during the quarter, compared to analyst estimates of $11.75 million. United States Antimony had a negative return on equity of 7.20% and a negative net margin of 41.44%. Research analysts predict that United States Antimony Co. will post 0.04 earnings per share for the current year.
Institutional Trading of United States Antimony
Institutional investors and hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new stake in shares of United States Antimony in the 3rd quarter worth $15,384,000. JPMorgan Chase & Co. increased its holdings in shares of United States Antimony by 108.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 265,547 shares of the company’s stock worth $1,646,000 after purchasing an additional 138,454 shares in the last quarter. Miller Global Investments LLC bought a new stake in shares of United States Antimony in the 4th quarter worth $862,000. McGowan Group Asset Management Inc. bought a new stake in shares of United States Antimony in the 4th quarter worth $2,216,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of United States Antimony in the 4th quarter worth $481,000. Institutional investors own 9.49% of the company’s stock.
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.
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