United States Antimony Receives Strong-Buy Upgrade from B. Riley

Shares of United States Antimony (NYSE:UAMY) have been upgraded to a "strong-buy" rating by analysts at B. Riley, according to a research note released on Thursday. This upgrade is a significant signal of confidence in the stock's potential for future growth.

In addition to B. Riley's upgrade, HC Wainwright has also established a new price target for United States Antimony, increasing it from $2.50 to $2.60 and maintaining a "buy" rating in their latest report issued on Friday.

Overview of United States Antimony Stock Performance

On Thursday, United States Antimony's stock opened at $2.11. The company has a market capitalization of approximately $228.82 million, a negative price-to-earnings (PE) ratio of -52.75, and a beta of 0.67, indicating lower volatility compared to the market. Over the past year, the stock has experienced a low of $0.21 and a high of $2.35. The financial health of the company is generally good, with a current ratio of 6.24 and a quick ratio of 5.84, while its debt-to-equity ratio stands at just 0.01. The firm’s moving averages reflect a recent upward trend, with a fifty-day simple moving average of $1.68 and a 200-day simple moving average of $1.24.

Institutional Investors Activity

Several institutional investors have recently adjusted their holdings in United States Antimony. Truist Financial Corp increased its stake by 15.1% during the last quarter, acquiring an additional 200,000 shares for a total of 1,528,818 shares valued at around $2.7 million. Renaissance Technologies LLC also boosted its position by 30.6%, adding 228,000 shares and bringing their total to 971,900 shares worth about $1.72 million. Other notable increases include Geode Capital Management LLC, which grew its stake by 2.2%, as well as new investments from Miracle Mile Advisors LLC and Two Sigma Investments LP, valued at approximately $930,000 and $565,000 respectively. Currently, institutional investors and hedge funds own about 9.49% of the company's shares.

About United States Antimony

United States Antimony Corporation is involved in the production and sale of antimony, silver, gold, and various precious metal products across the United States and Canada. The company operates through segments dedicated to antimony, zeolite, and precious metals. Among its offerings, the firm provides antimony oxide, which is often used in flame retardant systems across several industries, including plastics, textiles, and paints, as well as in the manufacture of ammunition and batteries.

Conclusion

With recent upgrades in stock ratings and increased price targets, United States Antimony appears to be positioned for a promising future in the market. Investors and market analysts will likely continue to monitor the company closely for its performance in the upcoming quarters.

Stocks, Investment, Market