United States Antimony (NYSE:UAMY) Shares Down 6.6% – Here’s Why

United States Antimony Co. (NYSE:UAMY)’s stock price dropped 6.6% on Thursday . The stock traded as low as $9.26 and last traded at $9.3110. Approximately 2,007,205 shares traded hands during trading, a decline of 86% from the average daily volume of 13,970,560 shares. The stock had previously closed at $9.97.

Analyst Ratings Changes

UAMY has been the subject of several recent research reports. B. Riley Financial raised their target price on shares of United States Antimony from $9.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Weiss Ratings initiated coverage on shares of United States Antimony in a report on Friday, March 20th. They set a “sell (d-)” rating for the company. Alliance Global Partners restated a “buy” rating on shares of United States Antimony in a report on Wednesday, February 11th. Finally, HC Wainwright raised their target price on shares of United States Antimony from $10.25 to $11.50 and gave the company a “buy” rating in a report on Monday, March 23rd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.17.

United States Antimony Trading Down 10.1%

The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -66.15 and a beta of 0.43. The company’s 50 day simple moving average is $9.75 and its 200-day simple moving average is $8.18.

United States Antimony (NYSE:UAMY) last released its quarterly earnings results on Thursday, March 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). United States Antimony had a negative net margin of 41.44% and a negative return on equity of 8.25%. The company had revenue of $13.03 million for the quarter, compared to analysts’ expectations of $11.75 million. Sell-side analysts anticipate that United States Antimony Co. will post 0.03 EPS for the current year.

Institutional Investors Weigh In On United States Antimony

Several hedge funds have recently modified their holdings of UAMY. Goldman Sachs Group Inc. boosted its stake in shares of United States Antimony by 36.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 359,692 shares of the company’s stock worth $791,000 after purchasing an additional 95,811 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of United States Antimony by 144.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock worth $4,264,000 after purchasing an additional 1,156,021 shares during the last quarter. Creative Planning acquired a new stake in shares of United States Antimony in the second quarter worth approximately $368,000. JPMorgan Chase & Co. boosted its position in shares of United States Antimony by 2,441.9% in the second quarter. JPMorgan Chase & Co. now owns 127,093 shares of the company’s stock worth $277,000 after acquiring an additional 122,093 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of United States Antimony in the second quarter worth approximately $51,000. 9.49% of the stock is owned by institutional investors and hedge funds.

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.