United States Antimony (UAMY) Becomes Part Of Jim Cramer’s Rare Earth Stock Warning

We recently published Jim Cramer Discussed These 13 Stocks & Shared Major Warning For Rare Earth Stocks. United States Antimony Corporation (NYSE:UAMY) is one of the stocks Jim Cramer recently discussed.

United States Antimony Corporation (NYSE:UAMY) is an American rare earth metals company. The firm deals with metals such as zeolite and antimony. Its shares have gained a whopping 676% year-to-date. Like its peers, United States Antimony Corporation (NYSE:UAMY) has benefited from the trade tensions between the US and China. The tensions have seen Beijing restrict rare earth supplies, investment banks warn about its dominance in the industry, and American rare earth companies benefit from renewed investor interest. However, Cramer has taken the contrarian view as he believes that it’s time to sell United States Antimony Corporation (NYSE:UAMY)’s shares unless President Trump announces that the government is taking a stake in the firm:

“Yeah I mean that’s a real company but we have William Blair saying UAMY they love . . .These things are all like, unless Trump buys a stake in each of these one, you wanna sell these. You really do. . .because, why? Because, Antimony, it’s up 532% and they’re making a bid for some Australian rare earth, at six shares for one? That’s sounds like very 2000. Where they started merging, remember, cause they knew their stocks were too high.

“Just buy MP Materials, that’s a real company.”

While we acknowledge the risk and potential of UAMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UAMY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.