United States Antimony (NYSE:UAMY) Stock Price Down 6.6% – What’s Next?
by Amy Steele · The Cerbat GemUnited States Antimony Co. (NYSE:UAMY – Get Free Report)’s share price dropped 6.6% during mid-day trading on Thursday . The stock traded as low as $9.26 and last traded at $9.3110. Approximately 2,007,205 shares changed 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.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Alliance Global Partners restated a “buy” rating on shares of United States Antimony in a report on Wednesday, February 11th. B. Riley Financial upped their price target 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 began coverage on shares of United States Antimony in a report on Friday, March 20th. They set a “sell (d-)” rating for the company. Finally, HC Wainwright upped their price target 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, United States Antimony currently has an average rating of “Moderate Buy” and an average target price of $9.17.
Get Our Latest Stock Analysis on United States Antimony
United States Antimony Stock Performance
The stock’s 50-day simple moving average is $9.77 and its 200-day simple moving average is $8.19. The firm has a market capitalization of $1.38 billion, a PE ratio of -193.26 and a beta of 0.43.
United States Antimony (NYSE:UAMY – Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $13.03 million for the quarter, compared to the consensus estimate of $11.75 million. United States Antimony had a negative net margin of 11.05% and a negative return on equity of 6.14%. As a group, analysts predict that United States Antimony Co. will post 0.03 earnings per share for the current fiscal year.
Institutional Investors Weigh In On United States Antimony
Institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new position in shares of United States Antimony during the fourth quarter valued at about $27,000. KBC Group NV purchased a new position in shares of United States Antimony during the first quarter valued at about $31,000. Raymond James Financial Inc. purchased a new position in shares of United States Antimony during the second quarter valued at about $33,000. Meeder Asset Management Inc. purchased a new position in shares of United States Antimony during the fourth quarter valued at about $35,000. Finally, Harbour Investments Inc. grew its position in shares of United States Antimony by 106.2% during the fourth quarter. Harbour Investments Inc. now owns 7,962 shares of the company’s stock valued at $40,000 after purchasing an additional 4,101 shares in the last quarter. Hedge funds and other 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.