UAMY Looks 175.3% Overvalued on GF Value™

On August 12, 2026, United States Antimony Corp (NYSE: UAMY) saw its shares decline 14% in premarket trading following a sharp drop in Q2 sales and a downward revision of its 2026 revenue forecast.

• UAMY’s current Price-to-Sales (P/S) ratio stands at 22.23, vastly exceeding its historical median of approximately 4.4x and signaling that the market is pricing in substantial future growth despite the company’s ongoing losses; earnings-based valuation metrics like P/E are not applicable given UAMY’s unprofitable and cash-flow-negative status.
• The company’s GF Score™ is 47 out of 100, reflecting a mixed fundamental profile with strong financial strength but weak growth and profitability.
• Insider activity over the past three months shows net buying of $0.1 million with no insider selling, while one premium GuruFocus-tracked guru currently holds UAMY and has recently increased their stake, underscoring some confidence from informed investors despite valuation concerns.

What's Behind the News?

United States Antimony Corp reported a 24.7% year-over-year decline in Q2 revenue to $7.9 million, missing analyst expectations by $13.77 million. This revenue drop occurred despite a 26% increase in antimony pounds sold, as average selling prices plunged 52%, reducing antimony revenue to $5.9 million. The company also lowered its full-year 2026 revenue guidance sharply to a range of $60 million to $75 million from $125 million, citing weaker prices and delivery delays. Additionally, working capital rose notably to $70 million, fueled by equity issuances.

UAMY operates in the Basic Materials sector within the Metals & Mining industry. It is a fully integrated mining company involved in the production, transportation, milling, smelting, and sale of antimony, silver, gold, and zeolite products. The company’s market capitalization stands at $975 million, with the majority of revenue generated domestically in the United States.

Is UAMY Overvalued on a Price-to-Sales Basis?

UAMY’s current Price-to-Sales ratio of 22.23 is significantly higher than its historical median of approximately 4.4x, indicating that investors are pricing in aggressive future growth or a substantial improvement in profitability. This elevated P/S multiple contrasts sharply with the company’s recent financial performance, which includes negative earnings and cash flow. Given UAMY’s unprofitable status, traditional earnings-based valuation metrics such as the Price-to-Earnings ratio are not meaningful for assessing its valuation. The market’s willingness to assign such a premium P/S ratio suggests expectations of a turnaround or a structural improvement in pricing or volumes.

GuruFocus’ proprietary GF Value™ metric, which estimates intrinsic value based on historical multiples, growth, and future projections, flags UAMY as “Significantly Overvalued” with a GF Value™ of $2.39 compared to the current price of $6.58—a 175.3% premium. While this should not be interpreted as a precise fair value target due to the company’s loss-making nature and volatile earnings, it serves as a directional warning that the stock price may be stretched relative to fundamentals. For more details, see GF Value™.

What Does UAMY's GF Score™ Tell Us?

The GF Score™ is a composite measure designed to assess a company’s overall fundamental quality by evaluating financial strength, profitability, growth, valuation, and momentum. UAMY’s GF Score™ of 47 out of 100 indicates a middling fundamental profile with notable strengths and weaknesses.

UAMY’s strongest area is financial strength, scoring 8 out of 10, supported by a robust Altman Z-Score of 35.86 and a comfortable interest coverage ratio, indicating low bankruptcy risk and stable liquidity. However, profitability and growth ranks are weak, reflecting ongoing losses and minimal earnings expansion. The valuation rank of 1 out of 10 aligns with the GF Value™ warning of significant overvaluation. Momentum is also low, consistent with recent share price volatility and downward revisions. For a full fundamental snapshot, visit the UAMY stock page.

What Are Gurus and Insiders Doing with UAMY?

GuruFocus tracks one premium guru currently holding UAMY shares, who has recently increased their position, with no gurus trimming their holdings in recent quarters. This positive guru 13F activity is a distinctive signal that may reflect informed confidence in the company’s longer-term prospects despite short-term challenges. Insider activity over the past three months also shows net buying of approximately $0.1 million, with no insider sales reported, further suggesting some degree of insider conviction. These ownership trends provide a valuable layer of insight beyond traditional financial metrics, especially for a company undergoing operational and market headwinds.

What This Means for Investors

UAMY’s valuation on a Price-to-Sales basis is currently stretched well beyond historical norms, implying that the market expects a significant turnaround or improved pricing power in the future. However, the company remains unprofitable and cash-flow-negative, which limits the applicability of earnings-based valuation and increases risk. The GF Value™ metric reinforces this caution by signaling that the stock is significantly overvalued relative to its fundamentals. That said, strong financial strength metrics and positive insider and guru buying activity suggest that some knowledgeable investors see potential value in the company’s long-term outlook. Investors should weigh these contrasting signals carefully and monitor upcoming operational developments and earnings releases. For ongoing updates and detailed financial data, visit the UAMY stock page.

Frequently Asked Questions

What is UAMY's GF Score™?

UAMY’s GF Score™ is 47 out of 100, reflecting a moderate overall fundamental quality with strong financial strength but weak profitability, growth, and valuation metrics.

Is UAMY overvalued or undervalued?

Based on its Price-to-Sales ratio of 22.23, which is substantially above its historical median, UAMY appears overvalued. Earnings-based valuation metrics like P/E are not meaningful here because the company is currently unprofitable and cash-flow-negative.

What is UAMY's P/E ratio compared to historical?

UAMY does not have a meaningful P/E ratio due to ongoing losses. Instead, its financial strength metrics, such as a strong Altman Z-Score and comfortable interest coverage, provide better insight into its financial health.