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

Key Points

• Almonty Industries has a “Moderate Buy” consensus from eight analysts, with five buys, one strong buy and two holds. The average 12-month price target is $24.21.
• Analyst views vary significantly: Jefferies set a $26.25 target, DA Davidson $33, and Stifel $25, while Goldman Sachs initiated coverage with a Hold rating and a $13 target.
• ALM recently traded at $13.72, with a market capitalization of about $3.95 billion and a high P/E ratio of 85.76. Investor interest is focused on the Sangdong tungsten project, Korean plant certification and potential production growth, though recent selling highlights execution and valuation concerns.

Shares of Almonty Industries Inc. (NASDAQ:ALM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.21.

Several equities analysts have commented on ALM shares. Weiss Ratings upgraded Almonty Industries from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Jefferies Financial Group initiated coverage on Almonty Industries in a research note on Wednesday, September 2nd. They issued a "buy" rating and a $26.25 price objective for the company. DA Davidson reiterated a "buy" rating and issued a $33.00 price objective on shares of Almonty Industries in a report on Tuesday, September 15th. The Goldman Sachs Group assumed coverage on shares of Almonty Industries in a research report on Thursday. They set a "hold" rating and a $13.00 target price on the stock. Finally, Oppenheimer boosted their target price on shares of Almonty Industries from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd.

Institutional Trading of Almonty Industries

Institutional investors have recently modified their holdings of the business. Leonteq Securities AG acquired a new stake in Almonty Industries in the first quarter valued at $29,000. Pin Oak Investment Advisors Inc. acquired a new position in Almonty Industries during the 2nd quarter worth about $53,000. Nykredit A S bought a new stake in shares of Almonty Industries in the 2nd quarter valued at about $58,000. Rockefeller Capital Management L.P. grew its position in shares of Almonty Industries by 30.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company's stock valued at $38,000 after buying an additional 1,000 shares during the last quarter. Finally, Saxon Interests Inc. bought a new stake in shares of Almonty Industries in the 1st quarter valued at about $161,000.

Key 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%

Shares of ALM stock opened at $13.72 on Friday. The firm has a market capitalization of $3.95 billion, a P/E ratio of 85.76 and a beta of 3.75. 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 stock's fifty day simple moving average is $15.17 and its 200 day simple moving average is $17.13.

About Almonty Industries

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.

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