United States Antimony (NYSEAMERICAN:UAMY) Shares Down 7.1% – Time to Sell?

United States Antimony Co. (NYSEAMERICAN:UAMY) fell 7.1% on Wednesday . The stock traded as low as $4.63 and last traded at $4.6250. 3,052,526 shares traded hands during trading, a decline of 57% from the average session volume of 7,073,213 shares. The stock had previously closed at $4.98.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UAMY. HC Wainwright raised their target price on United States Antimony from $8.50 to $10.25 and gave the stock a “buy” rating in a research report on Thursday, November 13th. William Blair began coverage on 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 issued a Buy rating to the stock. According to MarketBeat.com, United States Antimony currently has a consensus rating of “Buy” and an average target price of $6.08.

United States Antimony Stock Down 7.6%

The stock has a 50-day moving average of $8.30 and a 200-day moving average of $5.54. The company has a market cap of $644.74 million, a PE ratio of -460.50 and a beta of 0.01.

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

Insider Buying and Selling

In other United States Antimony news, CEO Gary C. Evans purchased 100,000 shares of the stock in a transaction on Friday, September 26th. The stock was acquired at an average cost of $6.13 per share, with a total value of $613,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,378,818 shares of the company’s stock, valued at approximately $14,582,154.34. This trade represents a 4.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Penn Capital Management Company LLC purchased a new stake in United States Antimony during the 3rd quarter valued at about $329,000. Wexford Capital LP bought a new stake in United States Antimony in the third quarter valued at approximately $1,979,000. Numerai GP LLC purchased a new stake in shares of United States Antimony during the third quarter valued at approximately $131,000. Millennium Management LLC grew its holdings in shares of United States Antimony by 198.7% in the third quarter. Millennium Management LLC now owns 242,885 shares of the company’s stock worth $1,506,000 after purchasing an additional 161,569 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in shares of United States Antimony in the third quarter worth approximately $1,860,000. 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.