H.C. Wainwright analyst Heiko Ihle raised the firm’s price target on United States Antimony (UAMY) to $10.25 from $8.50 and keeps a Buy rating on the shares following the Q3 report. The company received an initial $10M delivery order to supply 315,000 pounds of antimony metal ingots for the National Defense Stockpile, the analyst tells investors in a research note. The firm cites strengthening in antimony demand for the target increase.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAMY:
- United States Antimony Corp. Reports Strong Revenue Growth
- United States Antimony reports Q3 EPS (4c), two estimates 1c
- Closing Bell Movers: Cisco jumps 7% to record highs after beat-and-raise
- United States Antimony Secures $106.7M Supply Agreement
- United States Antimony executes antimony supply agreement
