Almonty Industries Inc. (NASDAQ:ALM - Get Free Report)'s share price traded up 6% during mid-day trading on Thursday . The stock traded as high as $17.28 and last traded at $17.15. Approximately 5,990,711 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 5,666,467 shares. The stock had previously closed at $16.18.
Analysts Set New Price Targets
Several research firms recently weighed in on ALM. DA Davidson lifted their target price on shares of Almonty Industries from $25.00 to $33.00 and gave the company a "buy" rating in a report on Friday, July 10th. Oppenheimer increased their price target on Almonty Industries from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings raised Almonty Industries from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $27.00.
Read Our Latest Stock Report on Almonty Industries
Almonty Industries Stock Up 6.6%
The company has a debt-to-equity ratio of 1.37, a current ratio of 9.58 and a quick ratio of 9.51. The stock has a market capitalization of $4.97 billion and a price-to-earnings ratio of 107.82. The firm's fifty day moving average is $15.16 and its 200-day moving average is $16.94.
Institutional Investors Weigh In On Almonty Industries
A number of institutional investors have recently modified their holdings of the stock. Leonteq Securities AG acquired a new position in Almonty Industries in the first quarter worth about $29,000. Global Retirement Partners LLC acquired a new stake in Almonty Industries during the fourth quarter valued at approximately $35,000. Rockefeller Capital Management L.P. lifted its holdings in Almonty Industries by 30.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company's stock worth $38,000 after buying an additional 1,000 shares during the last quarter. State of Wyoming bought a new position in Almonty Industries during the 4th quarter worth approximately $41,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in Almonty Industries during the 2nd quarter worth approximately $53,000.
Almonty Industries Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Almonty Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Almonty Industries wasn't on the list.
While Almonty Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
