United States Antimony (NYSEAMERICAN:UAMY) Trading Down 6.9% – Here’s Why

United States Antimony Co. (NYSEAMERICAN:UAMY) dropped 6.9% during mid-day trading on Wednesday . The stock traded as low as $5.99 and last traded at $5.9980. Approximately 1,776,695 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 7,068,455 shares. The stock had previously closed at $6.44.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UAMY. D. Boral Capital restated a “buy” rating and issued a $5.00 target price on shares of United States Antimony in a research note on Thursday, August 14th. HC Wainwright increased their price target on shares of United States Antimony from $8.50 to $10.25 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, William Blair began coverage on shares of United States Antimony in a research note on Monday, October 20th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat.com, United States Antimony has an average rating of “Buy” and a consensus price target of $6.08.

United States Antimony Stock Down 8.0%

The firm has a fifty day simple moving average of $8.54 and a 200-day simple moving average of $5.44. The company has a market cap of $829.74 million, a PE ratio of -593.50 and a beta of 0.01.

United States Antimony (NYSEAMERICAN:UAMY) last announced its earnings results on Wednesday, November 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $8.70 million during the quarter. United States Antimony had a negative net margin of 15.49% and a negative return on equity of 11.58%. Equities research analysts forecast that United States Antimony Co. will post -0.01 earnings per share for the current fiscal year.

Insider Activity at United States Antimony

In other United States Antimony news, CEO Gary C. Evans purchased 100,000 shares of United States Antimony stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the transaction, the chief executive officer directly owned 2,378,818 shares in the company, valued at $14,582,154.34. This trade represents a 4.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.20% of the stock is owned by insiders.

Institutional Trading of United States Antimony

Several hedge funds and other institutional investors have recently made changes to their positions in UAMY. Vanguard Group Inc. raised its holdings in United States Antimony by 22.5% during the third quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock worth $34,707,000 after purchasing an additional 1,026,412 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in United States Antimony during the 3rd quarter worth approximately $15,384,000. Truist Financial Corp raised its stake in shares of United States Antimony by 6.0% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United States Antimony by 144.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock valued at $4,264,000 after buying an additional 1,156,021 shares during the period. Finally, Soviero Asset Management LP boosted its stake in shares of United States Antimony by 52.9% in the third quarter. Soviero Asset Management LP now owns 780,000 shares of the company’s stock valued at $4,836,000 after buying an additional 270,000 shares in the last quarter. Hedge funds and other institutional investors own 9.49% of the company’s stock.

About United States Antimony

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.