United States Antimony (NYSE:UAMY) Trading Up 7.3% – Here’s What Happened

United States Antimony Co. (NYSE:UAMY)’s share price shot up 7.3% on Thursday . The company traded as high as $2.09 and last traded at $2.06. 3,928,996 shares traded hands during mid-day trading, an increase of 74% from the average session volume of 2,259,423 shares. The stock had previously closed at $1.92.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UAMY. HC Wainwright began coverage on shares of United States Antimony in a report on Tuesday, December 10th. They issued a “buy” rating and a $2.50 target price on the stock. Alliance Global Partners began coverage on shares of United States Antimony in a report on Tuesday, November 19th. They issued a “buy” rating and a $1.00 target price on the stock.

United States Antimony Price Performance

The company has a market capitalization of $206.06 million, a P/E ratio of -47.50 and a beta of 0.62. The firm’s fifty day moving average is $1.78 and its 200 day moving average is $1.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.84 and a current ratio of 6.24.

United States Antimony (NYSE:UAMY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $2.42 million for the quarter. United States Antimony had a negative net margin of 45.32% and a negative return on equity of 16.58%. As a group, analysts predict that United States Antimony Co. will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United States Antimony

Hedge funds have recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new position in United States Antimony during the 4th quarter valued at about $930,000. Virtu Financial LLC bought a new position in United States Antimony in the 3rd quarter worth about $63,000. Marshall Wace LLP grew its stake in United States Antimony by 172.5% in the 4th quarter. Marshall Wace LLP now owns 236,055 shares of the company’s stock worth $418,000 after acquiring an additional 149,423 shares in the last quarter. Geode Capital Management LLC grew its stake in United States Antimony by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 788,728 shares of the company’s stock worth $1,397,000 after acquiring an additional 16,905 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in United States Antimony by 30.6% in the 4th quarter. Renaissance Technologies LLC now owns 971,900 shares of the company’s stock worth $1,720,000 after acquiring an additional 228,000 shares in the last quarter. 9.49% of the stock is currently owned by institutional investors.

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.