Almonty Industries (NASDAQ:ALM) Price Target Raised to $11.00 at DA Davidson

Key Points

• DA Davidson has raised Almonty Industries' price target from $7.00 to $11.00, indicating a potential upside of 64.42% from the company's previous close.
• The stock currently holds a consensus rating of "Hold" among analysts, with two rating it as "Buy" and one as "Sell."
• Almonty Industries reported a loss of ($0.05) EPS in its last quarterly earnings, which missed analysts' expectations by ($0.04).

Almonty Industries (NASDAQ:ALM - Get Free Report) had its price target boosted by DA Davidson from $7.00 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's price target suggests a potential upside of 64.42% from the company's previous close.

Several other brokerages have also recently weighed in on ALM. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Almonty Industries in a report on Saturday, September 27th. Cantor Fitzgerald started coverage on shares of Almonty Industries in a report on Wednesday, August 13th. They set an "overweight" rating and a $6.50 target price for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Almonty Industries currently has a consensus rating of "Hold" and a consensus price target of $8.75.

Almonty Industries Stock Up 6.2%

NASDAQ:ALM opened at $6.69 on Tuesday. The company has a market cap of $1.45 billion and a price-to-earnings ratio of -19.68. The company has a debt-to-equity ratio of 16.37, a quick ratio of 0.63 and a current ratio of 0.77. Almonty Industries has a 52 week low of $3.16 and a 52 week high of $7.18.

Almonty Industries (NASDAQ:ALM - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). Almonty Industries had a negative net margin of 366.52% and a negative return on equity of 104.72%. The business had revenue of $5.20 million for the quarter, compared to analyst estimates of $5.30 million.

Almonty Industries Company Profile

Almonty Industries Inc is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc is based in TORONTO.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.