United States Antimony (NYSE:UAMY) Hits New 52-Week Low – Here’s What Happened

United States Antimony Co. (NYSE:UAMY)’s share price hit a new 52-week low on Monday. The stock traded as low as $4.34 and last traded at $4.3660, with a volume of 545087 shares changing hands. The stock had previously closed at $4.50.

Wall Street Analyst Weigh In

Several research firms recently commented on UAMY. HC Wainwright cut their price target 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 restated a “sell (d-)” rating on shares of United States Antimony in a report on Monday, September 14th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.12.

United States Antimony Stock Performance

The company has a market cap of $639.84 million, a P/E ratio of -32.98 and a beta of 0.39. The business has a fifty day simple moving average of $5.29 and a 200 day simple moving average of $7.48.

Insider Buying and Selling

In related news, EVP Lloyd EVP, Chief Mining Officer, & Director acquired 20,000 shares of United States Antimony stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average price of $4.63 per share, for a total transaction of $92,600.00. Following the transaction, the executive vice president directly owned 932,881 shares of the company’s stock, valued at $4,319,239.03. This trade represents a 2.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Carrabba acquired 21,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average cost of $4.72 per share, for a total transaction of $100,536.00. Following the acquisition, the director owned 198,401 shares in the company, valued at approximately $936,452.72. This trade represents a 12.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 62,700 shares of company stock valued at $298,592. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On United States Antimony

Hedge funds and other institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd bought a new stake in United States Antimony during the 2nd quarter valued at $884,000. Connective Capital Management LLC bought a new stake in shares of United States Antimony during the second quarter valued at about $145,000. Amundi bought a new stake in shares of United States Antimony during the 2nd quarter worth about $115,000. Headlands Technologies LLC raised its stake in shares of United States Antimony by 192.5% in the 2nd quarter. Headlands Technologies LLC now owns 66,314 shares of the company’s stock worth $481,000 after buying an additional 43,639 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of United States Antimony by 4.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,760 shares of the company’s stock worth $1,349,000 after purchasing an additional 7,947 shares in the last quarter. 9.49% of the stock is currently owned by institutional investors and hedge funds.

About United States Antimony

United States Antimony Corporation, also known as US Antimony, is a materials company focused primarily on the production and sale of antimony products. Its product portfolio includes antimony oxide and antimony metal, which are used in applications such as flame retardants, pigments, ceramics, glass, and metal alloys.

The company also produces precious metals and operates in the zeolite market through its Bear River Zeolite business. Zeolite products are used in areas including water treatment, filtration, animal nutrition, agriculture, and industrial applications.