Almonty Industries (TSE:AII) Stock Rating Upgraded by The Goldman Sachs Group

Almonty Industries (TSE:AII) was upgraded by investment analysts at The Goldman Sachs Group to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Separately, Jefferies Financial Group upgraded shares of Almonty Industries to a “strong-buy” rating in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Almonty Industries Stock Performance

AII opened at C$15.51 on Thursday. The company’s 50 day moving average is C$16.14 and its 200 day moving average is C$22.06. The company has a current ratio of 2.45, a quick ratio of 0.11 and a debt-to-equity ratio of 46.54. The company has a market cap of C$4.40 billion, a price-to-earnings ratio of -23.15 and a beta of 2.17. Almonty Industries has a 12-month low of C$4.96 and a 12-month high of C$33.35.

About Almonty Industries

Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.