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United States Antimony Corp (UAMY) shares have reached a remarkable 52-week high, touching $2.46 in a recent trading session, with analysts setting price targets between $2.60 and $3.00 according to InvestingPro data. This peak represents a significant milestone for the company, which has seen an extraordinary 1-year change, with its stock value skyrocketing by 796%. The surge in UAMY's stock price reflects a robust period of growth and investor confidence, supported by impressive revenue growth of 71.84% and a healthy current ratio of 5.16. InvestingPro has identified 13 additional key insights for UAMY, including expectations for positive net income growth this year. Investors are closely monitoring UAMY's performance, as the stock's ascent to this new high could signal further potential for growth in the coming months.
In other recent news, U.S. Antimony Corporation (UAMY) reported record revenue growth for the fourth quarter of 2024, achieving $14.9 million, which marks a 72% increase year-over-year. The company also turned its gross profit positive, reaching $3.5 million, a significant improvement from a $3.3 million loss in the previous year. Antimony sales rose by 88%, while zeolite sales increased by 19%. Additionally, U.S. Antimony has been expanding its operations, including reopening its Mexico facilities and enhancing processing capacities. In analyst coverage, B.Riley initiated coverage with a Buy rating and set a price target of $3.00, highlighting the company's strategic importance in the domestic antimony market. The firm also noted U.S. Antimony's growth potential due to favorable pricing conditions and expansion plans. These developments align with U.S. Antimony's ongoing efforts to strengthen its position in the critical minerals sector.
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