United States Antimony (NYSE:UAMY) Shares Gap Up – Here’s Why

United States Antimony Co. (NYSE:UAMY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.20, but opened at $5.58. United States Antimony shares last traded at $5.5790, with a volume of 2,055,352 shares traded.

Analyst Upgrades and Downgrades

UAMY has been the topic of a number of recent research reports. HC Wainwright reduced their price objective on United States Antimony from $11.75 to $9.25 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of United States Antimony in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating and one has assigned 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 price target of $10.12.

United States Antimony Trading Down 8.0%

The firm has a market cap of $788.76 million, a PE ratio of -40.54 and a beta of 0.39. The firm has a fifty day simple moving average of $6.31 and a two-hundred day simple moving average of $8.12.

Insider Buying and Selling

In other United States Antimony news, Director Jon R. Marinelli purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $7.45 per share, with a total value of $93,125.00. Following the completion of the purchase, the director directly owned 12,500 shares of the company’s stock, valued at $93,125. The trade was a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 5.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV bought a new stake in shares of United States Antimony during the 1st quarter valued at about $31,000. Raymond James Financial Inc. bought a new position in United States Antimony in the second quarter worth about $33,000. Meeder Asset Management Inc. bought a new position in United States Antimony in the fourth quarter worth about $35,000. Harbour Investments Inc. lifted its holdings in United States Antimony by 106.2% in the fourth quarter. Harbour Investments Inc. now owns 7,962 shares of the company’s stock worth $40,000 after buying an additional 4,101 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in United States Antimony by 925.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,250 shares of the company’s stock worth $51,000 after buying an additional 9,250 shares during the period. 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.