United States Antimony (NYSEAMERICAN:UAMY) Trading 9.4% Higher – Still a Buy?

United States Antimony Co. (NYSEAMERICAN:UAMY) shares were up 9.4% during mid-day trading on Monday . The stock traded as high as $8.64 and last traded at $8.37. Approximately 3,930,068 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 13,497,072 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

Several analysts have recently weighed in on UAMY shares. HC Wainwright lifted their price objective on shares of United States Antimony from $8.50 to $10.25 and gave the company a “buy” rating in a research note on Thursday, November 13th. William Blair began coverage on shares of United States Antimony in a report 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, the company currently has a consensus rating of “Buy” and a consensus price target of $6.08.

United States Antimony Price Performance

The firm’s 50 day moving average price is $6.25 and its 200-day moving average price is $5.94. The stock has a market cap of $1.20 billion, a P/E ratio of -857.00 and a beta of -0.01.

United States Antimony (NYSEAMERICAN:UAMY) last announced 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 firm had revenue of $8.70 million during the quarter. On average, analysts expect that United States Antimony Co. will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On United States Antimony

A number of large investors have recently added to or reduced their stakes in UAMY. Nova Wealth Management Inc. boosted its stake in shares of United States Antimony by 405.0% during the 3rd quarter. Nova Wealth Management Inc. now owns 5,050 shares of the company’s stock worth $31,000 after acquiring an additional 4,050 shares during the last quarter. Raymond James Financial Inc. purchased a new position in United States Antimony during the second quarter valued at $33,000. ProShare Advisors LLC bought a new stake in United States Antimony during the second quarter valued at about $41,000. Penbrook Management LLC purchased a new stake in United States Antimony in the second quarter worth about $44,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in United States Antimony in the second quarter worth about $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.