Baader Bank Aktiengesellschaft Lowers Stock Holdings in Almonty Industries Inc. $ALM

Baader Bank Aktiengesellschaft decreased its position in shares of Almonty Industries Inc. (NASDAQ:ALM) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,165 shares of the company’s stock after selling 61,010 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Almonty Industries were worth $310,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in shares of Almonty Industries during the third quarter valued at about $30,000. Banque Cantonale Vaudoise bought a new position in shares of Almonty Industries during the third quarter valued at about $54,000. MCF Advisors LLC bought a new position in shares of Almonty Industries during the third quarter valued at about $60,000. Oppenheimer & Co. Inc. bought a new position in shares of Almonty Industries during the third quarter valued at about $66,000. Finally, Fifth Lane Capital LP bought a new position in shares of Almonty Industries during the third quarter valued at about $75,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALM. Texas Capital raised Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Almonty Industries in a research note on Thursday, March 26th. B. Riley Financial raised their price objective on Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Oppenheimer raised their price objective on Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.38.

Almonty Industries Stock Down 4.9%

Shares of NASDAQ:ALM opened at $17.45 on Friday. Almonty Industries Inc. has a 12-month low of $3.16 and a 12-month high of $24.41. The stock has a market capitalization of $4.95 billion and a P/E ratio of -34.90. The company has a current ratio of 2.45, a quick ratio of 3.76 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $19.06 and its 200-day moving average price is $13.05.

Almonty Industries (NASDAQ:ALM) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Almonty Industries had a negative return on equity of 11.01% and a negative net margin of 262.29%.The company had revenue of $18.52 million for the quarter, compared to the consensus estimate of $15.44 million. On average, equities analysts anticipate that Almonty Industries Inc. will post 0.62 earnings per share for the current year.

Almonty Industries News Roundup

Here are the key news stories impacting Almonty Industries this week:

• Positive Sentiment: Diamond Equity raised Almonty Industries’ earnings estimates across several upcoming quarters and full-year periods, signaling stronger expected profitability. MarketBeat ALM analyst estimate updates
• Positive Sentiment: Another analyst update increased Almonty Industries’ price target by 13.23% to $16.41, reinforcing a more optimistic outlook for the shares. Article: Almonty Industries (ALM) price target increased by 13.23% to 16.41

About Almonty Industries

Almonty Industries is a Canada-based mining company focused on the production, development and acquisition of tungsten assets. The company’s principal business activity is the mining and processing of tungsten-bearing ore to produce tungsten concentrates for industrial customers. Almonty pursues both operating mines and advanced-stage development projects with the objective of supplying a critical raw material used in hardmetals, tooling, drilling and other industrial applications.

Almonty’s asset footprint has historically included operating and development projects in Europe and Asia.