Walleye Capital LLC Takes $12.95 Million Position in Almonty Industries Inc. $ALM

Walleye Capital LLC purchased a new stake in Almonty Industries Inc. (NASDAQ:ALM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 894,558 shares of the company’s stock, valued at approximately $12,953,000. Walleye Capital LLC owned approximately 0.32% of Almonty Industries as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALM. Swiss National Bank boosted its position in Almonty Industries by 17.0% during the first quarter. Swiss National Bank now owns 366,700 shares of the company’s stock worth $5,328,000 after purchasing an additional 53,300 shares in the last quarter. Saxon Interests Inc. purchased a new stake in shares of Almonty Industries in the first quarter valued at approximately $161,000. Oxbow Advisors LLC acquired a new position in shares of Almonty Industries during the 1st quarter worth approximately $3,763,000. Leonteq Securities AG acquired a new position in shares of Almonty Industries during the 1st quarter worth approximately $29,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of Almonty Industries by 300.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 107,922 shares of the company’s stock valued at $1,564,000 after buying an additional 80,997 shares in the last quarter.

Analysts Set New Price Targets

ALM has been the topic of a number of research analyst reports. DA Davidson lifted their price target on shares of Almonty Industries from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Texas Capital upgraded shares of Almonty Industries to a “strong-buy” rating in a research report on Thursday, April 16th. Oppenheimer upped their price target on shares of Almonty Industries from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Almonty Industries in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Almonty Industries has a consensus rating of “Moderate Buy” and an average target price of $21.88.

Almonty Industries Stock Down 4.7%

Shares of NASDAQ ALM opened at $14.29 on Thursday. The company has a market capitalization of $4.12 billion and a P/E ratio of -28.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.37. The company has a 50 day simple moving average of $17.10 and a 200-day simple moving average of $16.41. Almonty Industries Inc. has a 1 year low of $3.16 and a 1 year high of $24.41.

Almonty Industries (NASDAQ:ALM) last released its quarterly earnings data on Monday, May 11th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $18.52 million for the quarter, compared to analysts’ expectations of $15.44 million. Almonty Industries had a negative return on equity of 11.01% and a negative net margin of 262.29%. On average, equities research analysts predict that Almonty Industries Inc. will post 0.46 earnings per share for the current year.

Almonty Industries Company Profile

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.