Almonty Industries Inc. (NASDAQ:ALM) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts rate Almonty a "Moderate Buy" — consensus from five firms is 4 buys and 1 sell, with an average 1‑year price target of $15.13; notable calls include DA Davidson at $25 and B. Riley raising its target to $17 while Weiss Ratings remains a sell.
• Several institutional investors materially added or initiated stakes in Q4, including Mackenzie Financial (+59.1%) and Quadrature Capital (+35%), and new positions from Man Group, Manatuck Hill and Element Capital (each roughly $1.5–1.9M).
• The stock opened at $19.70 (near a 52‑week high of $20.88), has a market cap of $5.49B and a negative trailing P/E (‑85.65), with 50/200‑day moving averages of $12.85 and $8.78 respectively.

Almonty Industries Inc. (NASDAQ:ALM - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $15.1250.

A number of research firms have weighed in on ALM. DA Davidson set a $25.00 price target on Almonty Industries in a research note on Friday. Weiss Ratings reiterated a "sell (e+)" rating on shares of Almonty Industries in a research note on Monday, December 29th. Finally, B. Riley Financial increased their price objective on Almonty Industries from $10.00 to $17.00 and gave the company a "buy" rating in a report on Friday, February 13th.

Institutional Trading of Almonty Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its stake in Almonty Industries by 59.1% in the fourth quarter. Mackenzie Financial Corp now owns 111,224 shares of the company's stock valued at $982,000 after acquiring an additional 41,331 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Almonty Industries by 35.0% during the 4th quarter. Quadrature Capital Ltd now owns 108,069 shares of the company's stock worth $952,000 after purchasing an additional 27,993 shares during the last quarter. Man Group plc bought a new stake in shares of Almonty Industries in the 4th quarter valued at about $1,510,000. Manatuck Hill Partners LLC bought a new stake in shares of Almonty Industries in the 4th quarter valued at about $1,762,000. Finally, Element Capital Management LLC acquired a new stake in Almonty Industries in the 4th quarter valued at about $1,855,000.

Almonty Industries Price Performance

NASDAQ:ALM opened at $19.70 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.25 and a current ratio of 2.38. The stock's 50-day simple moving average is $12.85 and its 200 day simple moving average is $8.78. The company has a market cap of $5.49 billion and a P/E ratio of -85.65. Almonty Industries has a 52-week low of $3.16 and a 52-week high of $20.88.

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.

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