HC Wainwright Reaffirms Buy Rating for United States Antimony (NYSEAMERICAN:UAMY)

United States Antimony (NYSEAMERICAN:UAMY)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $10.25 price target on the stock. HC Wainwright’s target price suggests a potential upside of 27.01% from the company’s previous close.

Separately, William Blair began coverage on United States Antimony in a report on Monday, October 20th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, United States Antimony presently has a consensus rating of “Buy” and an average target price of $6.08.

United States Antimony Stock Down 16.4%

Shares of United States Antimony stock opened at $8.07 on Tuesday. The business has a fifty day simple moving average of $6.97 and a 200-day simple moving average of $6.70. United States Antimony has a fifty-two week low of $1.21 and a fifty-two week high of $19.71. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -807.00 and a beta of 0.10.

United States Antimony (NYSEAMERICAN:UAMY) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.04) EPS for the quarter. United States Antimony had a negative return on equity of 11.58% and a negative net margin of 15.49%.The business had revenue of $8.70 million during the quarter. Analysts anticipate that United States Antimony will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United States Antimony

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in United States Antimony by 22.5% during the third quarter. Vanguard Group Inc. now owns 5,597,951 shares of the company’s stock valued at $34,707,000 after purchasing an additional 1,026,412 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of United States Antimony during the 3rd quarter worth about $15,384,000. Truist Financial Corp raised its stake in shares of United States Antimony by 6.0% during the 3rd quarter. Truist Financial Corp now owns 2,151,318 shares of the company’s stock worth $13,338,000 after purchasing an additional 122,500 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United States Antimony by 144.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company’s stock valued at $4,264,000 after buying an additional 1,156,021 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of United States Antimony by 416.0% in the 4th quarter. UBS Group AG now owns 1,283,636 shares of the company’s stock valued at $6,444,000 after buying an additional 1,034,880 shares in the last quarter. 9.49% of the stock is owned by institutional investors and hedge funds.

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.