Alliance Global Partners raised the firm’s price target on United States Antimony (UAMY) to $2.75 from $2.25 and keeps a Buy rating on the shares. The company recently announced supply agreements for additional antimony feedstock supply from two separate parties in Australia and Thailand and the decision to restart operations at its idled smelter in Madero, Mexico, notes the firm, which argues that the restart has the potential to increase the company’s refined production capacity while diversifying production outside of Montana.
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Read More on UAMY:
- United States Antimony announces contract for international antimony supply
- United States Antimony files $100M mixed securities shelf
- United States Antimony executes agreement on international shipments of antimony
- United States Antimony price target raised to $2.25 from $1 at Alliance Global Partners
- United States Antimony appoints Gary Evans as CEO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
