United States Antimony (NYSEAMERICAN:UAMY) Shares Gap Up – Time to Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY) gapped up prior to trading on Monday . The stock had previously closed at $4.82, but opened at $5.14. United States Antimony shares last traded at $5.5930, with a volume of 1,758,649 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on UAMY. HC Wainwright boosted their price target 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 initiated coverage on United States Antimony in a research report on Monday, October 20th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $6.08.

United States Antimony Stock Up 17.5%

The firm has a market cap of $793.33 million, a P/E ratio of -564.50 and a beta of 0.01. The business has a fifty day moving average of $7.92 and a 200 day moving average of $5.59.

United States Antimony (NYSEAMERICAN:UAMY) last released 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 business had revenue of $8.70 million for the quarter. On average, sell-side analysts expect that United States Antimony Co. will post -0.01 EPS for the current fiscal year.

Insider Activity

In other news, CEO Gary C. Evans bought 100,000 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of $6.13 per share, for a total transaction of $613,000.00. Following the completion of the acquisition, the chief executive officer owned 2,378,818 shares in the company, valued at approximately $14,582,154.34. This represents a 4.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United States Antimony

A number of institutional investors have recently made changes to their positions in the company. Nova Wealth Management Inc. grew its stake in shares of United States Antimony by 405.0% in the third quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock valued at $31,000 after acquiring an additional 4,050 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of United States Antimony during the 2nd quarter worth $33,000. ProShare Advisors LLC bought a new stake in shares of United States Antimony during the 2nd quarter valued at approximately $41,000. Penbrook Management LLC bought a new stake in shares of United States Antimony during the second quarter worth $44,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in United States Antimony during the 2nd quarter worth $47,000. 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.