United States Antimony (NYSEAMERICAN:UAMY) Shares Up 9.2% – Time to Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY)’s share price shot up 9.2% on Friday . The stock traded as high as $5.32 and last traded at $5.4820. 469,867 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 8,675,646 shares. The stock had previously closed at $5.02.

Analysts Set New Price Targets

UAMY has been the subject of several research analyst reports. HC Wainwright increased 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 initiated coverage on United States Antimony in a research note on Monday, October 20th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, United States Antimony presently has a consensus rating of “Buy” and a consensus target price of $6.08.

United States Antimony Trading Up 12.9%

The business’s 50 day simple moving average is $6.50 and its 200 day simple moving average is $5.72. The firm has a market capitalization of $793.89 million and a PE ratio of -565.30.

United States Antimony (NYSEAMERICAN:UAMY) last issued 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 return on equity of 11.58% and a negative net margin of 15.49%.The company had revenue of $8.70 million for the quarter. Analysts forecast that United States Antimony Co. will post -0.01 earnings per share for the current year.

Institutional Trading of United States Antimony

A number of institutional investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its stake in United States Antimony by 14.1% in the second quarter. Truist Financial Corp now owns 2,028,818 shares of the company’s stock worth $4,423,000 after purchasing an additional 250,000 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of United States Antimony by 36.3% during the first quarter. Goldman Sachs Group Inc. now owns 359,692 shares of the company’s stock valued at $791,000 after buying an additional 95,811 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of United States Antimony in the first quarter worth approximately $436,000. Penbrook Management LLC purchased a new stake in shares of United States Antimony in the second quarter worth approximately $44,000. Finally, Soviero Asset Management LP lifted its stake in shares of United States Antimony by 180.2% during the 2nd quarter. Soviero Asset Management LP now owns 510,000 shares of the company’s stock worth $1,112,000 after acquiring an additional 328,000 shares during the last quarter. 9.49% of the stock is currently owned by institutional investors.

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.