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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