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UAMYUnited States Antimony CorporatSell4.1·$5.17-6.08%
SellModerate Confidence
Investment thesis

United States Antimony Corporation carries 48% analyst upside and a recent 7% gap up with a long-term rising moving average, but the business burns cash at 160% of revenue, has a quality score of 2.3 out of 10, and a put/call ratio of 4.56 signals heavy bearish hedging against the speculative thesis.

Thesis pillars

  • Analyst Upside 75 PctImproving
  • Ma Still Rising Pullback SetupStable
  • Extreme Cash Burn RateStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

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United States Antimony Corporat (UAMY) Stock Analysis

SellVALUE-TRAP 1/5QualityShortModerate Confidence

Basic Materials · Other Industrial Metals & Mining

Sell if holding. Engine safety override at $5.17: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.1/10 and A.R:R 7.1:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 22%; Below-average business quality; Negative price momentum.

United States Antimony Corporation mines, processes, and sells antimony (trioxide, metal ingots, trisulfide) and precious metals in Montana and Mexico, plus zeolite in Idaho, across two reportable segments. The Montana facility has historically purchased ore primarily from one... Read more

$5.17+106.5% A.UpsideScore 4.1/10#34 of 34 Other Industrial Metals & Mining
QualityF-score3 / 9FCF yield-8.14%
Stop $4.90Target $10.68(analyst − 15%)A.R:R 7.1:1
Analyst target$12.56+143.0%4 analysts
$10.68our TP
$5.17price
$12.56mean
$14

Sell if holding. Engine safety override at $5.17: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.1/10 and A.R:R 7.1:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 22%; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.1/10, moderate confidence.

Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 19d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and SEC filing concern. Suitability: speculative.

10-K grounded · weekly refresh

About United States Antimony Corporat

About United States Antimony Corporat

United States Antimony's antimony sales more than tripled to $35.4 million in 2025 from $11.1 million in 2024, driven by the average sales price climbing to $25.12 per pound from $7.61 as the Rotterdam antimony benchmark price rose to $23.88 per pound from $10.44. The company processes ore at its Montana smelter and two Mexican facilities into antimony trioxide, metal ingots, and trisulfide, estimating a roughly 4% share of the domestic antimony trioxide market and less than 1% internationally. In 2025, the Montana operation mined 840 tons of its own antimony ore for the first time since the 1980s.

United States Antimony earns revenue by selling finished antimony products on a wholesale basis to industrial companies and government agencies, plus incidental gold and silver recovered from processing antimony ore. The company says it is the only U.S.-based, vertically integrated antimony smelter, competing against foreign producers whose lower-cost imported ore drove domestic antimony mining to a halt in the 1980s. Historically, the Montana facility purchased ore primarily from one supplier in Canada, which also buys back substantially all of the precious metals the company recovers during processing; in 2025 the company began procuring ore from additional international suppliers to reduce that dependence. In September 2025, the company secured a five-year, sole-source IDIQ contract with the U.S. Defense Logistics Agency worth up to $248 million for antimony metal ingots, plus a separate five-year agreement with a new industrial customer for antimony trioxide.

Show full overview

United States Antimony's most concentrated relationship runs through a single Canadian ore supplier: that counterparty has historically provided the majority of feedstock for the Montana smelter and also serves as the buyer for substantially all of the gold and silver the company recovers during processing, meaning the same entity sits on both sides of the Montana facility's input and byproduct-revenue ledger. The company is actively diversifying this exposure — contracting new ore suppliers in Mexico and internationally during 2025, and layering in the $248 million maximum-value Defense Logistics Agency contract running through September 2030 — but as of the 10-K's filing date, the legacy Canadian relationship remains renewed annually rather than locked in under a multi-year agreement.

See also: Basic Materials · Other Industrial Metals & Mining

From United States Antimony Corporat's most recent 10-K filing, extracted July 6, 2026.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-07-27
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Fri, Aug 14, 202619d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Supplier: Canadian ore supplier
Concentration risk — Customer: Canadian ore supplier (precious metals buyback)
Quality below floor (2.1 < 4.0)

Key Metrics

P/E (TTM)
P/E (Fwd)-129.3
Mkt Cap$766M
EV/EBITDA-49.1
Profit Mgn-41.4%
ROE-19.7%
Rev Growth-3.1%
Beta0.35
DividendNone
Rating analysts10

Quality Signals

Piotroski F3/9

Options Flow

P/C0.44bullish
IV122%elevated

Concentration Risks(10-K Item 1A)

  • HIGHSupplierCanadian ore supplier
    10-K Item 1: 'Historically, our Montana facility has purchased ore primarily from one supplier in Canada.'
  • HIGHCustomerCanadian ore supplier (precious metals buyback)
    10-K Item 1: 'generally sells the recovered gold and silver back to the ore supplier, which represents substantially all of the Company's precious metals sales'

Material Events(8-K, last 90d)

  • 2026-06-08Item 4.01HIGH
    Assure CPA, LLC resigned as independent auditor effective June 3, 2026 after combining its practice with Sadler Gibb & Associates, LLC, which the Company engaged as its new auditor. No disagreements or adverse/qualified opinions cited for the FY2025 or FY2024 audits.
    SEC filing →
  • 2026-05-06Item 5.02MEDIUM
    CFO Richard Isaak began an indefinite personal leave of absence effective May 4, 2026; Shawn Winkler, formerly CFO of Burrow Global, appointed Interim CFO the same day. Isaak expected to return; clean interim handoff.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

5 floor-breakers

Revenue shrinking — -3.1% YoY. Growth thesis broken unless recovery story develops.static

Revenue Growth
1.7
Declining revenue: -3%
Low model confidence on this dimension (33%).

Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static

Roe
0.0
Roa
0.0
Net Margin
0.0
Fcf Quality
0.0
Gross Margin
0.4
Piotroski F
3.3
Moat
4.0
Current Ratio
9.4
Cash-burning: FCF -160% of revenueNo competitive moatWeak Piotroski F-Score: 3/9Quality concerns

Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static

Volume
0.9
Obv
1.0
Ma Position
2.2
Rsi
3.0
Macd
3.3
Capitulation risk (RSI 26, below 200MA)Volume distribution (falling OBV)Below 200-MA but MA still rising (+1.9%/30d) — pullback in uptrend, not confirmed weakness

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Earnings History
0.0
Surprise Avg
0.0
Erm
5.0
Earnings Timing
5.0
News Activity
5.0
Earnings concerns: 0B/2M

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
1.3
Value Rank
1.4
Quality Rank
2.8
Conservative debt levels
GatesMomentum 2.1<4.5SEC critical: A.R:R 7.1 ≥ 1.5Insider activity: OKNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 19d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Speculative
RSI
26 · Oversold
20D MA 50D MA 200D MADEATH CROSSSupport $5.05Resistance $8.19

Price Targets

$5
$11
A.Upside+106.5%
A.R:R7.1:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Quality below floor (2.1 < 4.0)
! momentum at 2.1 (below the engine's 4.5 threshold)
! Critical SEC filing

Earnings

M
M
M
M
0/4 beats
Next Earnings2026-08-14 (19d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is UAMY stock a buy right now?

Sell if holding. Engine safety override at $5.17: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.1/10 and A.R:R 7.1:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 22%; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $4.90. Score 4.1/10, moderate confidence.

What is the UAMY stock price target?

Take-profit target: $10.68 (+106.5% upside). Prior stop was $4.90. Stop-loss: $4.90.

What are the risks of investing in UAMY?

Concentration risk — Supplier: Canadian ore supplier; Concentration risk — Customer: Canadian ore supplier (precious metals buyback); Quality below floor (2.1 < 4.0).

Is UAMY overvalued or undervalued?

United States Antimony Corporat trades at a P/E of N/A (forward -129.3). TrendMatrix value score: 5.4/10. Verdict: Sell.

What do analysts say about UAMY?

10 analysts cover UAMY with a consensus score of 4.2/5. Average price target: $13.

What does United States Antimony Corporat do?United States Antimony Corporation mines, processes, and sells antimony (trioxide, metal ingots, trisulfide) and...

United States Antimony Corporation mines, processes, and sells antimony (trioxide, metal ingots, trisulfide) and precious metals in Montana and Mexico, plus zeolite in Idaho, across two reportable segments. The Montana facility has historically purchased ore primarily from one Canadian supplier, which also buys back substantially all of the recovered gold and silver, and in September 2025 the company signed a five-year, $248 million maximum-value sole-source IDIQ contract with the U.S. Defense Logistics Agency. Antimony sales reached $35.4 million in 2025, up from $11.1 million in 2024.

Related stocks: SCZM (Santacruz Silver Mining Ltd.) · NEXA (Nexa Resources S.A.) · CRML (Critical Metals Corp.) · USAS (Americas Gold and Silver Corpor) · LAR (Lithium Argentina AG)
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