Alliance Global Partners Begins Coverage on United States Antimony (NYSE:UAMY)

Stock analysts at Alliance Global Partners began coverage on shares of United States Antimony (NYSE:UAMY) in a report issued on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $1.00 price target on the stock. Alliance Global Partners’ price objective suggests a potential upside of 57.28% from the stock’s previous close.

Separately, StockNews.com initiated coverage on shares of United States Antimony in a research note on Friday, August 30th. They set a “sell” rating for the company.

United States Antimony Price Performance

UAMY stock traded up $0.07 during midday trading on Tuesday, hitting $0.64. The company’s stock had a trading volume of 596,355 shares, compared to its average volume of 440,554. The company has a quick ratio of 5.84, a current ratio of 6.24 and a debt-to-equity ratio of 0.01. United States Antimony has a 12 month low of $0.17 and a 12 month high of $0.82. The company has a 50 day moving average of $0.67 and a two-hundred day moving average of $0.48. The firm has a market capitalization of $68.95 million, a price-to-earnings ratio of -15.90 and a beta of 0.84.

Hedge Funds Weigh In On United States Antimony

A hedge fund recently raised its stake in United States Antimony stock. Truist Financial Corp raised its position in shares of United States Antimony Co. (NYSE:UAMY) by 23.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,328,818 shares of the company’s stock after acquiring an additional 250,000 shares during the period. Truist Financial Corp owned approximately 1.23% of United States Antimony worth $447,000 as of its most recent filing with the Securities & Exchange Commission. 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.