Following this acquisition, McManus holds a total of 338,333 shares directly. This transaction reflects McManus's continued investment in the company, which is involved in the primary smelting and refining of nonferrous metals. With analyst price targets ranging from $1 to $2.50 and revenue growth of 28.4% in the last twelve months, UAMY shows promising fundamentals. Discover more insights and 12 additional ProTips with an InvestingPro subscription. With analyst price targets ranging from $1 to $2.50 and revenue growth of 28.4% in the last twelve months, UAMY shows promising fundamentals. Discover more insights and 12 additional ProTips with an InvestingPro subscription. Following this acquisition, McManus holds a total of 338,333 shares directly. This transaction reflects McManus's continued investment in the company, which is involved in the primary smelting and refining of nonferrous metals.
"In other recent news, United States Antimony Corporation (UAMY) has experienced notable developments. The company reported a 23% sales increase to $8.1 million and a 107% rise in gross profit to $2.2 million for the first nine months ending September 2024. UAMY's cash and cash equivalents also improved from the previous year, standing at $12.97 million.
In response to global market constraints, UAMY initiated strategies including purchasing mineral claims and engaging with U.S. government officials for potential sales and funding. The firm also acquired mining claims in Alaska and Ontario, significantly enhancing its reserves of critical minerals.
H.C. Wainwright initiated coverage on UAMY with a Buy rating, citing the company's strategic positioning within the market for critical minerals. However, UAMY's zeolite business faced a gross profit decline due to higher maintenance costs, and the company incurred a loss from discontinued operations in Mexico.
Looking forward, UAMY is focused on producing antimony material by 2025, targeting high-grade deposits to minimize costs, and negotiating with major firms for a 100% domestic supply of antimony products. These are among the recent developments for UAMY, as it navigates its growth strategy in the mining sector."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.