United States Antimony Corporation (UAMY) stands as the only fully integrated antimony company in the world outside of China and Russia, placing it at the heart of U.S. efforts to secure critical mineral supply chains. Its quarterly report matters because antimony prices, government contracts, and operational execution directly shape revenue and margins. Recent quarters have been turbulent: the company posted a $7.93 million second quarter, a 24.7% year-over-year decline, as lower realized antimony prices offset rising shipment volumes. Management responded by cutting full-year guidance. With the company investing heavily in smelter expansion, mill acquisitions, and leadership, this report offers a key read on whether those initiatives are translating into improved financial performance. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Heading into the release, the consensus estimate from TradingView projects third quarter 2026 revenue of approximately $17.06 million and a net loss of $0.02 per share. That revenue figure would mark a significant step up from the $7.93 million reported in the second quarter, reflecting management's expectation of stronger shipments in the back half of the year. For context, the company reported revenue of $8.70 million and EPS of ($0.04) in the third quarter of 2025.
Guidance remains a central focus. After the second quarter, management reduced its full-year 2026 revenue outlook to between $60 million and $75 million, down from an earlier higher target, citing weaker antimony prices. Investors will also watch DLA (Defense Logistics Agency) contract activity, zeolite sales momentum, and the average selling price of antimony, which was the primary driver of the recent margin compression.
Sentiment heading into this report is cautious, reflecting the company's history of missing revenue consensus in recent quarters. In the second quarter, revenue of $7.93 million fell far short of the $21.70 million estimate, and the stock has contended with sharp swings in antimony pricing. The key risk heading into earnings is whether realized antimony prices have stabilized or continued to decline, and whether DLA (Defense Logistics Agency) contract revenue has begun to flow through results as management anticipated. On the positive side, investors may reward any signs that shipment volumes, zeolite growth, and the Thompson Falls smelter expansion are building toward the company's lowered but still substantial full-year guidance range. From what I see, one thing that stands out is the potential impact of any price stabilization signals.
Beyond the headline numbers, investors should watch several catalysts that could shape the company's trajectory after this report.
First is the pace of antimony shipments under the company's sole-source DLA (Defense Logistics Agency) contract. Management has indicated that federal government shipments are expected to be weighted toward the second half of 2026, making the third quarter a critical checkpoint for whether those deliveries are materializing as planned.
Second is antimony pricing itself. The roughly 52% year-over-year decline in average selling price during the second quarter was the single largest drag on margins. Any evidence of price stabilization or recovery would be a positive signal, while further declines would pressure the company's ability to reach its $60 million to $75 million full-year revenue target.
Finally, investors should monitor the ramp-up of the Thompson Falls smelter expansion and the contribution from the Radersburg mill acquisition. These operational projects are central to the company's vertical integration strategy, and their progress will influence both cost efficiency and output capacity in the coming quarters. Together, these factors will help determine whether United States Antimony can convert its strategic position in critical minerals into sustained financial improvement. I’m watching this closely as these elements unfold.
When analyzing names like United States Antimony Corporation (UAMY), I find Tickeron’s AI Screener particularly useful for quickly filtering peers in the materials sector based on technical patterns, fundamentals, and AI-driven signals. It helps surface comparable opportunities without spending hours on manual scans, which keeps my preparation for earnings more efficient.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
UAMY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 31 of 36 cases where UAMY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 86%.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where UAMY's RSI Indicator exited the oversold zone, 20 of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 52 of 64 cases where UAMY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Moving Average Convergence Divergence (MACD) for UAMY just turned positive on October 22, 2026. Looking at past instances where UAMY's MACD turned positive, the stock continued to rise in 40 of 55 cases over the following month. The odds of a continued upward trend are 73%.
Following a +33.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where UAMY advanced for three days, in 203 of 255 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
The Momentum Indicator moved below the 0 level on November 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on UAMY as a result. In 79 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UAMY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for UAMY entered a downward trend on November 10, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is 10 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 84 (best 1 - 100 worst), indicating slightly worse than average price growth. UAMY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 87 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. UAMY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
The Tickeron SMR rating for this company is 94 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 98 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.332) is normal, around the industry mean (6.813). P/E Ratio (-21.692) is within average values for comparable stocks, (-0.701). UAMY's Projected Growth (PEG Ratio) (9.440) is very high in comparison to the industry average of (1.026). Dividend Yield (0.000) settles around the average of (0.016) among similar stocks. P/S Ratio (17.241) is also within normal values, averaging (283.864).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a producer of antimony products
Industry OtherMetalsMinerals