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United States Antimony Corp. (UAMY)
:UAMY
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United States Antimony
(NYSE MKT:UAMY)
59Neutral
Positive Factors
Management Changes
The company has completed a strategic overhaul with significant changes in senior management, which has already enhanced operations and is expected to lead to further improvements.
Revenue Growth
The 72% YoY revenue increase was driven by the significant growth in the price of antimony following China’s recent export ban.
Strategic Positioning
United States Antimony Corp. is the sole domestic producer of antimony following the Chinese export ban, presenting an opportunity to capture notable market share and higher margins.
Negative Factors
Geopolitical Risks
UAMY should maintain an opportunity to record significant revenue amid strong margins in the coming quarters if worldwide antimony supply from geopolitically safe jurisdictions remains below supply.
Operational Challenges
The necessary improvements to furnaces at Madero have been completed and the site is likely to further improve UAMY’s production and financial performance during 2025.
Resource Dependency
UAMY's asset base is set to benefit from ongoing efficiencies, particularly at Stibnite Hill, which is now on track for added profitability and growth.
United States Antimony (UAMY) vs. S&P 500 (SPY)
Market Cap
$261.36M
Dividend YieldN/A
Average Volume (3M)2.45M
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth71.84%
EPS Growth72.93%
CountryUS
Employees60
SectorBasic Materials
Sector Strength59
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding114,632,370
10 Day Avg. Volume3,240,905
30 Day Avg. Volume2,447,616
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)23.51
Price to Cash Flow (P/CF)127.60
P/FCF Ratio152.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$2.78Price Target Upside21.93% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
United States Antimony Business Overview & Revenue Model
Company DescriptionUnited States Antimony Corporation (UAMY) is a company engaged in the production and sale of antimony-related products, which are used in a variety of industrial applications. Antimony is a critical mineral utilized in flame retardants, lead-acid batteries, and various alloys. UAMY operates mining, smelting, and production facilities primarily in North America, and it is one of the few companies outside of China with substantial antimony production capabilities.
How the Company Makes MoneyUnited States Antimony Corporation generates revenue through the mining, production, and sale of antimony and antimony-based products. The company processes raw antimony ore into various antimony products, such as antimony trioxide and various antimony metal alloys, which are then sold to customers in industries like electronics, automotive, and construction. UAMY's revenue streams include direct sales of antimony products and potentially from partnerships or agreements with other companies in the supply chain. Additionally, the company might also engage in the recycling and reprocessing of antimony from scrap and waste materials, adding another layer to its revenue model. However, specific details on partnerships and any other agreements contributing to its earnings are not publicly detailed.
United States Antimony Financial Statement Overview
Summary
United States Antimony has shown notable revenue growth, yet persistently negative profitability metrics highlight operational and cost management challenges. The balance sheet is strong with low leverage and significant equity, providing a solid foundation, but cash flow improvements are necessary to support long-term growth and profitability.Income Statement
The company has shown significant revenue growth, particularly from 2023 to 2024, with a revenue increase of 71.9%. However, profitability remains a concern as both the EBIT and net income have been consistently negative, indicating operational inefficiencies and high costs relative to revenue. The gross profit margin has improved significantly from negative to positive, but the net profit margin is still negative, showing ongoing profitability challenges.45
Neutral
Balance Sheet
The company's balance sheet shows a solid equity base with a low debt-to-equity ratio, indicating financial stability and low leverage risk. However, the return on equity remains negative due to ongoing net losses, which is a concern for investors looking for returns on their equity investment. The equity ratio is high, reflecting a strong equity position relative to total assets.60
Neutral
Cash Flow
There has been a positive shift in free cash flow from 2023 to 2024, moving from negative to positive, indicating better cash management and potential for reinvestment. However, the operating cash flow to net income ratio is unfavorable due to negative net income, suggesting cash flow is not yet supporting profitability.55
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 14.94M | 8.69M | 11.04M | 7.75M | 5.24M | Gross Profit |
| 3.47M | -3.34M | 2.00M | 838.61K | 205.70K | EBIT |
| -2.39M | -7.07M | 484.63K | -424.07K | -2.99M | EBITDA |
| -2.39M | -5.89M | 1.28M | 832.88K | -2.38M | Net Income Common Stockholders |
| -1.73M | -6.35M | 428.66K | -227.94K | -3.34M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 18.17M | 11.97M | 19.06M | 21.36M | 665.10K | Total Assets |
| 34.64M | 28.09M | 34.70M | 35.00M | 13.30M | Total Debt |
| 887.82K | 28.44K | 312.00K | 215.15K | 629.83K | Net Debt |
| -17.28M | -11.87M | -18.75M | -21.15M | -35.28K | Total Liabilities |
| 6.04M | 2.57M | 2.83M | 2.63M | 6.11M | Stockholders Equity |
| 28.60M | 25.52M | 31.87M | 32.37M | 7.19M |
| Cash Flow | Free Cash Flow | |||
| 1.79M | -6.28M | -1.98M | -3.08M | -1.55M | Operating Cash Flow |
| 2.22M | -4.75M | -249.28K | -2.43M | -1.31M | Investing Cash Flow |
| -42.07K | -1.34M | -1.79M | -653.13K | -243.09K | Financing Cash Flow |
| 4.14M | -1.07M | -267.73K | 23.78M | 2.10M |
United States Antimony Technical Analysis
Positive
2.28
Price Trends
1.75
Positive
1.52
Positive
1.02
Positive
Market Momentum
0.18
Negative
65.59
Neutral
77.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UAMY, the sentiment is Positive. The current price of 2.28 is above the 20-day moving average (MA) of 1.79, above the 50-day MA of 1.75, and above the 200-day MA of 1.02, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 65.59 is Neutral, neither overbought nor oversold. The STOCH value of 77.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UAMY.
United States Antimony Peers Comparison
Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $74.95B | 21.91 | 40.71% | 2.09% | 15.54% | 39.64% | |
70 Outperform | $7.24B | 19.95 | 22.82% | ― | 4.51% | -2.90% | |
70 Outperform | $683.90M | 130.47 | 0.67% | 1.43% | -0.37% | -94.30% | |
61 Neutral | $873.12M | 10.13 | 10.61% | 6.32% | 13.24% | ― | |
59 Neutral | $261.36M | ― | -6.39% | ― | 71.84% | 72.93% | |
51 Neutral | $1.15B | ― | -2.60% | 6.90% | 7.82% | 84.90% | |
47 Neutral | $2.66B | -3.14 | -22.17% | 3.33% | 3.73% | -29.29% |
* Basic Materials Sector Average
Performance Comparison
UAMY
United States Antimony
2.20
1.97
856.52%
ATI
ATI
50.96
-0.05
-0.10%
GSM
Ferroglobe
3.64
-1.06
-22.55%
KRO
Kronos Worldwide
7.48
-4.15
-35.68%
SCCO
Southern Copper
93.46
-8.48
-8.32%
TROX
TRONOX
7.04
-9.50
-57.44%
United States Antimony Earnings Call Summary
Earnings Call Date: Mar 20, 2025 | % Change Since: 26.67% | Next Earnings Date: May 14, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth and operational improvements, particularly in the antimony business. However, there were challenges in the zeolite segment and operational uncertainties in Alaska. Despite these lowlights, the positive developments and strategic expansion efforts outweigh the negatives.Highlights
Record Revenue Achievement
US Antimony reported record revenues of $14.9 million for fiscal year 2024, marking a 72% increase year-over-year, with gross profit up 204%.
Antimony Sales Growth
Antimony sales reached $11.1 million in 2024, an increase of 88% over 2023, attributed to both price and volume increases.
Operational Expansion and Improvements
Reopened Mexico operations to process and sell antimony, acquired new mining claims, and improved equipment for more economical production.
Zeolite Business Growth
Zeolite sales increased by 19% in 2024, and significant improvements in production reliability and safety were made.
Successful Capital Markets and Investor Relations Efforts
Increased market cap from $20 million to approximately $200 million and secured equity research coverage from firms like H.C. Wainwright.
Lowlights
Zeolite Business Challenges
Despite sales growth, the zeolite business reported a gross profit loss of $0.6 million due to higher maintenance and repair costs.
Operational Uncertainty in Alaska
The timeline for antimony ore transportation from Alaska to Montana is uncertain, with expectations shifting from June to August.
Company Guidance
During the fiscal year 2024 call, United States Antimony Corporation reported record revenues of $14.9 million, a 72% increase year-over-year. The company achieved a gross profit of $3.5 million, reversing a previous loss of $3.3 million in 2023, and improved cash flow by $13.5 million from a decrease of $7.2 million in 2023 to an increase of $6.3 million in 2024. Antimony sales reached $11.1 million, marking an 88% increase over the previous year, driven by a 60% average price increase and a 40% volume increase. Zeolite sales also rose by 19% to $2.9 million, though the zeolite business posted a gross loss of $0.6 million due to higher maintenance costs. The company aims to continue expanding operations in both the US and Mexico, with plans to increase production capacity and secure additional antimony ore sources.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.