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UAMYUnited States Antimony CorporatSell4.3·$3.23
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 Pct↑Improving
  • Ma Still Rising Pullback Setup↓Deteriorating
  • Extreme Cash Burn Rate→Stable
  • +1 more pillar — see the Why tab for full reasoning

Pillars as of Jul 3, 2026, based on the 10-K filed Mar 19, 2026

Full reasoning →

Open full analysis

United States Antimony Corporat (UAMY) Stock Analysis

SellVALUE-TRAP 1/5GrowthQualityShortModerate Confidence

Basic Materials · Other Industrial Metals & Mining

Sell if holding. Engine safety override at $3.23: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.3/10. Specifically: High short interest: 26%; Elevated put/call ratio: 1.57; Below-average business quality.

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

$3.23+29.1% A.UpsideScore 4.3/10#29 of 34 Other Industrial Metals & Mining
QualityF-score4 / 9FCF yield-13.05%
Stop $3.00Resistance target $4.17A.R:R 0.0:1
Analyst consensus$10.92+238.0%3 analysts
$4.17Resistance target
$3.23price
$10.92mean
$14

Sell if holding. Engine safety override at $3.23: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.3/10. Specifically: High short interest: 26%; Elevated put/call ratio: 1.57; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.3/10, moderate confidence.

Passes 5/9 gates (clean insider activity, news events none recent, earnings proximity 18d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA) 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 2026-10-29

Recent Developments — United States Antimony Corporat

Generated 2026-10-29T11:14:36Z.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Mon, Nov 16, 202618d 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)
DATA_ISSUE: analyst_target_implausible (raw $10.92 vs price $3.23 — ratio 3.4×). Rejected, falling back to technical TP.

Key Metrics

P/E (TTM)—
P/E (Fwd)30.8
Mkt Cap$483M
EV/EBITDA-19.8
Profit Mgn-44.6%
ROE-14.9%
Rev Growth-24.7%
Beta0.38
DividendNone
Rating analysts10

Quality Signals

Piotroski F4/9

Options Flow

P/C1.57bearish
IV104%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. How we score · Editorial policy

Show full disclosure ▾

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.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.

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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

4 floor-breakers

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
Gross Margin
0.0
Operating Margin
0.0
Net Margin
0.0
Fcf Quality
0.0
Moat
4.0
Piotroski F
4.4
Current Ratio
5.0
Cash-burning: FCF -173% of revenueNo competitive moatQuality concerns

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

Obv
1.0
Ma Position
1.0
Volume
2.3
Rsi
3.5
Macd
7.2
Volume distribution (falling OBV)Below 200-MA, MA slope -4.4%/30d — confirmed downtrend

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

Growth Rank
0.6
Value Rank
1.4
Quality Rank
1.8
Conservative debt levels

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
8.0
Earnings concerns: 0B/2M
GatesMomentum 3.0<4.5Death cross (50MA < 200MA)SEC critical: A.R:R UPSIDE_EXHAUSTED (upside=0.0%)Insider activity: OKNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 18d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Speculative
RSI
40 · Neutral
↓ 20D MA↓ 50D MA↓ 200D MADEATH CROSSSupport $2.64Resistance $4.25

Price Targets

$3
$4
A.R:R0.0:1

Position Sizing

ConvictionNone
Suggested %0%
Max %0%
RegimeSteady

Risk Alerts

! DATA_ISSUE: analyst_target_implausible (raw $10.92 vs price $3.23 — ratio 3.4×). Rejected, falling back to technical TP.
! Quality below floor (1.5 < 4.0)
! momentum at 3.0 (below the engine's 4.5 threshold)

Earnings

M
M
M
M
0/4 beats
Next Earnings2026-11-16 (18d)

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 $3.23: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.3/10. Specifically: High short interest: 26%; Elevated put/call ratio: 1.57; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $3.00. Score 4.3/10, moderate confidence.

What is the UAMY stock price target?

Resistance target: $4.17 (+29.1% upside). Prior stop was $3.00. Stop-loss: $3.00.

What are the risks of investing in UAMY?

Concentration risk — Supplier: Canadian ore supplier; Concentration risk — Customer: Canadian ore supplier (precious metals buyback); DATA_ISSUE: analyst_target_implausible (raw $10.92 vs price $3.23 — ratio 3.4×). Rejected, falling back to technical TP..

Is UAMY overvalued or undervalued?

United States Antimony Corporat trades at a P/E of N/A (forward 30.8). TrendMatrix value score: 4.6/10. Verdict: Sell.

What do analysts say about UAMY?

10 analysts cover UAMY with a consensus score of 4.2/5. Average price target: $11.

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.

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