United States Antimony (UAMY) has received a new Buy rating, initiated by William Blair analyst, Neal Dingmann.
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Neal Dingmann has given his Buy rating due to a combination of factors that highlight United States Antimony’s strategic position and growth potential. The company is the only U.S. producer of antimony, a mineral crucial for national security, which is underscored by a significant contract with the U.S. Defense Logistics Agency. This contract, along with the recent quadrupling of antimony prices, positions the company favorably in the market.
Additionally, United States Antimony is expanding its Montana processing facility, which will significantly increase its throughput capacity. The company also holds valuable assets such as Alaskan mining rights and Canadian claims for cobalt and tungsten. With a projected fair value significantly above the current share price, driven by expected government investment and strategic asset portfolio, Dingmann supports a Buy rating for the stock.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UAMY in relation to earlier this year.