In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on United States Antimony (UAMY – Research Report), with a price target of $2.60.
Heiko Ihle has given his Buy rating due to a combination of factors that highlight United States Antimony’s strong financial position and growth potential. The company experienced a significant increase in revenue, driven by a surge in antimony prices following China’s export ban, which resulted in a 72% year-over-year revenue growth. This growth, coupled with improved margins as revenue costs decreased by about 5% year-over-year, positions UAMY well to generate substantial free cash flow and invest further in its operations.
Looking ahead to 2025, UAMY’s management anticipates revenue to be between $35.0M and $50.0M, aligning with prior estimates. The restart of operations at the Madero Smelter in Mexico, along with completed improvements to the furnaces, is expected to enhance production and financial performance. Ihle’s valuation of the company, based on a discounted cash flow model, reflects a total value of $340.0M or $2.59 per share, leading to an increased price target of $2.60. These factors collectively support the Buy rating, indicating confidence in UAMY’s future prospects.
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