Almonty Industries Target of Unusually Large Options Trading (NASDAQ:ALM)

Key Points

• Unusual options activity: Traders bought 5,235 call options on ALM on Thursday, a 166% increase versus the typical daily call volume of 1,968.
• Stock and fundamentals: ALM traded down to $22.79 midday with a market cap of $6.45 billion, a negative P/E (-39.43), and a one‑year range of $3.16–$24.41.
• Analyst and investor sentiment: Several firms have raised ratings or price targets (up to $25), hedge funds have added modest positions, and the MarketBeat consensus is a "Moderate Buy" with a $18.38 target.

Almonty Industries Inc. (NASDAQ:ALM - Get Free Report) was the target of unusually large options trading on Thursday. Stock traders bought 5,235 call options on the stock. This is an increase of 166% compared to the typical daily volume of 1,968 call options.

Hedge Funds Weigh In On Almonty Industries

A number of hedge funds have recently made changes to their positions in ALM. FNY Investment Advisers LLC bought a new position in shares of Almonty Industries in the third quarter worth about $30,000. Global Retirement Partners LLC bought a new position in shares of Almonty Industries in the fourth quarter worth about $35,000. Rockefeller Capital Management L.P. boosted its stake in shares of Almonty Industries by 30.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company's stock worth $38,000 after acquiring an additional 1,000 shares during the period. State of Wyoming bought a new position in shares of Almonty Industries in the fourth quarter worth about $41,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Almonty Industries in the third quarter worth about $54,000.

Almonty Industries Stock Performance

ALM traded down $0.54 during midday trading on Thursday, reaching $22.79. The company had a trading volume of 1,170,310 shares, compared to its average volume of 5,454,159. The company has a quick ratio of 3.76, a current ratio of 3.89 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $17.77 and a two-hundred day moving average of $11.76. The company has a market cap of $6.45 billion and a P/E ratio of -39.43. Almonty Industries has a 1 year low of $3.16 and a 1 year high of $24.41.

Analyst Ratings Changes

Several equities research analysts have commented on ALM shares. DA Davidson reissued a "buy" rating and issued a $25.00 target price on shares of Almonty Industries in a report on Thursday, March 26th. Texas Capital upgraded Almonty Industries to a "strong-buy" rating in a research report on Thursday, April 16th. B. Riley Financial upped their price objective on Almonty Industries from $17.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Almonty Industries in a research report on Monday, December 29th. Finally, Oppenheimer upped their price objective on Almonty Industries from $16.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Almonty Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.38.

About Almonty Industries

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.

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.