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

United States Antimony Co. (NYSE:UAMY)’s stock price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $3.63 and last traded at $3.54, with a volume of 75,105 shares changing hands. The stock had previously closed at $3.68.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UAMY shares. Texas Capital raised United States Antimony to a “strong-buy” rating in a research report on Wednesday, October 7th. HC Wainwright cut their price objective on United States Antimony from $11.75 to $9.25 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of United States Antimony in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.12.

United States Antimony Stock Down 6.7%

The firm’s 50-day moving average is $4.91 and its 200-day moving average is $6.99. The company has a market cap of $469.21 million, a PE ratio of -24.12 and a beta of 0.38.

Insiders Place Their Bets

In other news, CEO Gary C. Evans bought 20,000 shares of the stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $4.92 per share, for a total transaction of $98,400.00. Following the purchase, the chief executive officer directly owned 2,590,028 shares in the company, valued at $12,742,937.76. This trade represents a 0.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph A. Carrabba bought 21,300 shares of the stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average price of $4.72 per share, with a total value of $100,536.00. Following the purchase, the director owned 198,401 shares in the company, valued at $936,452.72. This trade represents a 12.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 62,700 shares of company stock worth $298,592. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On United States Antimony

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in United States Antimony by 65.2% in the third quarter. Farther Finance Advisors LLC now owns 8,545 shares of the company’s stock worth $36,000 after purchasing an additional 3,372 shares in the last quarter. Byrne Asset Management LLC boosted its holdings in shares of United States Antimony by 24.1% during the 3rd quarter. Byrne Asset Management LLC now owns 22,620 shares of the company’s stock valued at $93,000 after buying an additional 4,400 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of United States Antimony during the 2nd quarter valued at $884,000. Connective Capital Management LLC purchased a new stake in shares of United States Antimony in the 2nd quarter worth about $145,000. Finally, Amundi purchased a new stake in shares of United States Antimony in the 2nd quarter worth about $115,000. 9.49% of the stock is owned by hedge funds and other institutional investors.

About United States Antimony

United States Antimony Corporation, through its subsidiaries, produces and sells antimony, precious metals and related specialty materials. Its products include antimony oxide, antimony metal, sodium antimonate and other antimony compounds used in applications such as flame retardants, ceramics, glass, pigments, batteries and other industrial products.

The company also processes and refines antimony-bearing materials and recovers precious metals from selected raw materials and recyclable sources.