Almonty Industries Inc. (NASDAQ:ALM) Stock Has Consensus Price Target of $24.21

Shares of Almonty Industries Inc. (NASDAQ:ALM) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.21.

ALM has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of Almonty Industries in a report on Wednesday, September 2nd. They issued a “buy” rating and a $26.25 target price on the stock. Oppenheimer increased their price target on Almonty Industries from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Stifel Nicolaus began coverage on Almonty Industries in a research report on Friday. They issued a “buy” rating and a $25.00 price objective for the company. DA Davidson reissued a “buy” rating and issued a $33.00 price objective on shares of Almonty Industries in a research note on Tuesday, September 15th. Finally, The Goldman Sachs Group assumed coverage on Almonty Industries in a research report on Thursday. They set a “hold” rating and a $13.00 target price on the stock.

Hedge Funds Weigh In On Almonty Industries

A number of institutional investors and hedge funds have recently modified their holdings of ALM. Leonteq Securities AG acquired a new stake in shares of Almonty Industries during the 1st quarter worth approximately $29,000. Rockefeller Capital Management L.P. lifted its position in shares of Almonty Industries by 30.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company’s stock valued at $38,000 after acquiring an additional 1,000 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in shares of Almonty Industries during the 2nd quarter valued at $53,000. Nykredit A S bought a new position in Almonty Industries during the second quarter worth $58,000. Finally, MCF Advisors LLC boosted its stake in Almonty Industries by 40.8% during the fourth quarter. MCF Advisors LLC now owns 14,084 shares of the company’s stock worth $124,000 after acquiring an additional 4,084 shares in the last quarter.

More Almonty Industries News

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

• Positive Sentiment: Stifel initiated coverage with a Buy rating and a $25 price target, implying substantial upside from recent trading levels. The firm cited Almonty’s Western tungsten expansion and potential production growth. Stifel starts Almonty with $25 price target on Western tungsten expansion
• Positive Sentiment: Certification of Almonty’s Korean plant is supporting the bullish case by advancing the facility toward commercial operations. Investors are also focused on a Rwanda partnership and a Spanish offtake agreement, which could broaden the company’s tungsten supply and sales network. Almonty’s Dual Momentum
• Positive Sentiment: The board’s reported backing of a $300 million share buyback could provide support for the stock, signal confidence in intrinsic value and reduce the number of shares outstanding if implemented. Almonty’s Board Backs $300 Million Buyback
• Positive Sentiment: Coverage highlighting Almonty as a potential breakout stock reflects investor interest in rising tungsten demand and the company’s three-continent development strategy. Is Almonty Industries the Next Big Breakout Stock?
• Neutral Sentiment: Short-interest data showed no reported short position as of September 24, leaving little evidence of an imminent short squeeze but also indicating limited bearish positioning.
• Neutral Sentiment: Goldman Sachs initiated coverage with a Hold rating and a $13 price target, contrasting with Stifel’s bullish view and suggesting the stock may already reflect much of its near-term potential. Almonty Industries Receives a Hold from Goldman Sachs
• Negative Sentiment: Shares recently fell as Sangdong entered its sales phase, suggesting a possible “sell-the-news” reaction or concerns about execution, ramp-up timing and the company’s elevated valuation. Almonty Industries stock falls as Sangdong enters sales phase

Almonty Industries Trading Up 10.6%

ALM opened at $13.72 on Friday. Almonty Industries has a twelve month low of $5.43 and a twelve month high of $24.41. The company has a quick ratio of 9.51, a current ratio of 9.58 and a debt-to-equity ratio of 1.37. The company has a fifty day moving average of $15.17 and a 200-day moving average of $17.13. The stock has a market cap of $3.95 billion, a PE ratio of 85.76 and a beta of 3.75.

Almonty Industries Company Profile

Almonty Industries Inc is a mining and development company focused primarily on tungsten, a specialty metal used in industrial, technology, energy, automotive, aerospace and defense applications. The company’s activities include the exploration, development, operation and redevelopment of tungsten-mining projects, as well as the production of tungsten concentrates.

Almonty’s principal assets include the Sangdong Tungsten Project in South Korea, one of the company’s key development projects, and the Panasqueira tungsten mine in Portugal, a producing operation with a long operating history.