United States Antimony (NYSE:UAMY) Shares Gap Up on Insider Buying Activity

United States Antimony Co. (NYSE:UAMY)’s share price gapped up prior to trading on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $6.20, but opened at $6.75. United States Antimony shares last traded at $6.87, with a volume of 5,234,046 shares.

Specifically, CEO Gary C. Evans acquired 100,000 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was bought at an average price of $6.13 per share, for a total transaction of $613,000.00. Following the transaction, the chief executive officer owned 2,378,818 shares of the company’s stock, valued at approximately $14,582,154.34. The trade was a 4.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

UAMY has been the subject of a number of recent research reports. HC Wainwright increased their price objective on United States Antimony from $4.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, September 26th. D. Boral Capital reiterated a “buy” rating and set a $5.00 price objective on shares of United States Antimony in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, United States Antimony presently has an average rating of “Buy” and a consensus target price of $4.38.

United States Antimony Price Performance

The stock has a fifty day moving average price of $4.65 and a 200-day moving average price of $3.40. The company has a market cap of $971.90 million, a PE ratio of -188.75 and a beta of 0.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.24 and a quick ratio of 5.84.

Institutional Trading of United States Antimony

A number of hedge funds have recently modified their holdings of the business. Man Group plc acquired a new position in shares of United States Antimony in the second quarter worth $237,000. Raymond James Financial Inc. acquired a new position in shares of United States Antimony in the second quarter worth $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of United States Antimony in the second quarter worth $109,000. The Manufacturers Life Insurance Company acquired a new position in shares of United States Antimony in the second quarter worth $75,000. Finally, Soviero Asset Management LP increased its stake in shares of United States Antimony by 180.2% in the second quarter. Soviero Asset Management LP now owns 510,000 shares of the company’s stock worth $1,112,000 after acquiring an additional 328,000 shares during the last quarter. Hedge funds and other institutional investors own 9.49% of the company’s stock.

About United States Antimony

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.