United States Antimony
UAMY on NYSE. United States Antimony sells antimony, zeolite, and precious metals to industry and government. Market value $591m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Materials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-11.94 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
Each dollar kept in the business earns -6 cents a year. Above 10 is good.
Quality score: 44 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$3.99 a share, 4% above its 1-year low
Over the past year the price has ranged from $3.85 to $19.71.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: a shortfall of $71 million in the past 12 months, a shortfall of $37 million in the year to December 2025.
| Revenue | |||||
| Revenue | $8m | $11m | $9m | $15m | $39m |
| Operating margin | |||||
| Operating margin | -8.5% | 3.2% | -81.3% | -16.0% | -21.5% |
| Debt to equity | |||||
| Debt to equity | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 |
| Shares outstanding | |||||
| Shares outstanding | 0.11bn | 0.11bn | 0.11bn | 0.14bn | 0.15bn |
Health checks
- Free cash flow positive1 of 5 years
- Accounting checksSkipped: company is not yet profitable
- Debt0.00× equity
- Revenue growth, five yearsStrong, 49.6% a year
- Buying back its own sharesNo, 41% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $8 million last quarter, down 25% on a year ago.
- Profit: $110,290, down 39% on a year ago.
- It loses 64 cents on each $1 of sales, compared with 6 cents a year earlier.
- Over the past 12 months it spent $71 million more cash than it brought in, compared with $8 million a year earlier.
- 19% more shares than a year ago. Each share owns a bit less of the company.
- It has $42 million more cash than debt, up from $6 million a year ago.
- Sales grew on a year ago in 2 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $3m |
| December 2024 | $6m |
| March 2025 | $7m |
| June 2025 | $11m |
| September 2025 | $9m |
| December 2025 | $13m |
| March 2026 | $7m |
| June 2026 | $8m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$727,509 |
| December 2024 | -$882,919 |
| March 2025 | $546,524 |
| June 2025 | $181,555 |
| September 2025 | -$5m |
| December 2025 | -$286,905 |
| March 2026 | -$11m |
| June 2026 | $110,290 |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 March 2026
- Next quarterly (estimated, 10-Q)
- 10 November 2026
Who owns it
None of the long-term investors we follow own it. 239 funds in all.
Largest holders overall
- BlackRock$82mAdded
- State Street$82mAdded
- Price T Rowe Associates$73mAdded
- VAN ECK Associates$62mCut
- Vanguard Capital Management$40mAdded
- Frontier Capital Management$31mNew
- Geode Capital Management$24mAdded
- Davidson Kempner Capital Management LP$18mNew
- Truist Financial$16mAdded
- Voya Investment Management$15mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- STATE STREET CORPORATIONPassive investorat least 7.7%+2.2 pts(filed with 1 related holder)Since 30 June 2026
- T. Rowe Price Associates, Inc.Passive investor6.8%Since 30 June 2026
- BlackRock, Inc.Passive investor6.5%+1.0 ptsSince 31 March 2026
- Van Eck Associates CorporationPassive investor5.8%−1.4 ptsSince 30 June 2026
- Patrick Duganat least 4.1%(filed with 1 related holder)Since 29 October 2025
What they said
Item 4 is hereby amended and supplemented with the following: This Amendment No. 4 is being filed to update the Reporting Persons and the percentage ownership of the Reporting Persons as a result of Lydia Dugan's passing on March 25, 2025, and to report the dispositions of the…
Read the filing - Kenneth M ReedPassive investorSold down below 5%Since 8 July 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
STATE STREET CORPORATION Passive investor | at least 7.7%+2.2 pts (filed with 1 related holder) | 30 June 2026 | |
T. Rowe Price Associates, Inc. Passive investor | 6.8% | 30 June 2026 | |
BlackRock, Inc. Passive investor | 6.5%+1.0 pts | 31 March 2026 | |
Van Eck Associates Corporation Passive investor | 5.8%−1.4 pts | 30 June 2026 | |
Patrick Dugan | at least 4.1% (filed with 1 related holder) | 29 October 2025 | What they saidItem 4 is hereby amended and supplemented with the following: This Amendment No. 4 is being filed to update the Reporting Persons and the percentage ownership of the Reporting Persons as a result of Lydia Dugan's passing on March 25, 2025, and to report the dispositions of the… Read the filing |
Kenneth M Reed Passive investor | Sold down below 5% | 8 July 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 5 insiders bought $391,810 of shares on the open market.
- Bardswich LloydDir, EVP & Chief Mining Eng, DirectorBought
- Date
- 1 September 2026
- Shares
- 20,000
- Price
- $4.63
- Value
- $92,700
- Carrabba Joseph ADirectorBought
- Date
- 1 September 2026
- Shares
- 21,300
- Price
- $4.72
- Value
- $100,536
- Aguirre Blaise A.DirectorBought
- Date
- 31 August 2026
- Shares
- 1,400
- Price
- $5.04
- Value
- $7,049
- EVANS GARY CChairman & CEO, DirectorBought
- Date
- 28 August 2026
- Shares
- 20,000
- Price
- $4.92
- Value
- $98,400
- Marinelli Jon RDirectorBought
- Date
- 15 June 2026
- Shares
- 12,500
- Price
- $7.45
- Value
- $93,125
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 September 2026 | Bardswich Lloyd Dir, EVP & Chief Mining Eng, Director | Bought | 20,000 | $4.63 | $92,700 |
| 1 September 2026 | Carrabba Joseph A Director | Bought | 21,300 | $4.72 | $100,536 |
| 31 August 2026 | Aguirre Blaise A. Director | Bought | 1,400 | $5.04 | $7,049 |
| 28 August 2026 | EVANS GARY C Chairman & CEO, Director | Bought | 20,000 | $4.92 | $98,400 |
| 15 June 2026 | Marinelli Jon R Director | Bought | 12,500 | $7.45 | $93,125 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.