Diamond Equity Issues Pessimistic Outlook for ALM Earnings

Key Points

• Diamond Equity cut Almonty Industries’ Q3 2026 EPS forecast to $0.12 from $0.18 and projects FY2027 EPS of $1.04, signaling more cautious near-term earnings expectations.
• Despite the earnings revisions, analyst sentiment remains positive overall: Almonty has a consensus “Buy” rating and an average price target of $27, with Oppenheimer and DA Davidson recently raising their targets.
• Almonty approved a share-repurchase program of up to $300 million, while expected Sangdong project revenue and strong strategic demand for non-Chinese tungsten remain potential catalysts.

Almonty Industries Inc. (NASDAQ:ALM - Free Report) - Analysts at Diamond Equity dropped their Q3 2026 earnings per share estimates for Almonty Industries in a report released on Friday, August 14th. Diamond Equity analyst H. Diamond now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.18. The consensus estimate for Almonty Industries' current full-year earnings is $0.46 per share. Diamond Equity also issued estimates for Almonty Industries' Q4 2026 earnings at $0.14 EPS, Q1 2027 earnings at $0.18 EPS, Q2 2027 earnings at $0.22 EPS, Q3 2027 earnings at $0.28 EPS, Q4 2027 earnings at $0.36 EPS and FY2027 earnings at $1.04 EPS.

ALM has been the subject of several other reports. Oppenheimer boosted their price objective on shares of Almonty Industries from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. Weiss Ratings raised Almonty Industries from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Finally, DA Davidson lifted their price target on Almonty Industries from $25.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Almonty Industries currently has a consensus rating of "Buy" and an average price target of $27.00.

Almonty Industries Price Performance

Almonty Industries stock opened at $16.36 on Tuesday. The firm has a market cap of $4.71 billion and a PE ratio of 102.26. 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's fifty day moving average price is $15.15 and its two-hundred day moving average price is $16.89. Almonty Industries has a one year low of $3.97 and a one year high of $24.41.

Hedge Funds Weigh In On Almonty Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG bought a new position in Almonty Industries in the 1st quarter valued at approximately $29,000. Global Retirement Partners LLC bought a new stake in shares of Almonty Industries during the fourth quarter worth $35,000. Rockefeller Capital Management L.P. increased its holdings in shares of Almonty Industries by 30.0% during the fourth 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 in the last quarter. State of Wyoming bought a new position in shares of Almonty Industries in the 4th quarter valued at $41,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Almonty Industries in the 3rd quarter valued at $54,000.

Key Stories Impacting Almonty Industries

Here are the key news stories impacting Almonty Industries this week:

• Positive Sentiment: Almonty approved a share-repurchase program of up to US$300 million. Management said the program is intended to capture a perceived disconnect between the company’s share price and the value of its strategic tungsten assets, while supporting shareholder value ahead of initial revenue from the Sangdong project. Almonty Announces New Share Repurchase Program
• Positive Sentiment: Investor interest in Almonty is also benefiting from broader commodity-market optimism. Reports point to structural shortages and rising strategic demand for tungsten, a market in which China remains dominant, potentially improving the long-term pricing and strategic importance of Almonty’s non-Chinese production assets. Commodity fever rises due to structural shortages
• Positive Sentiment: The company is being highlighted alongside other critical-minerals producers as investors seek exposure to supply-chain diversification and strategic commodities. Sangdong’s expected ramp-up remains an important potential catalyst. China still dominates, but these stocks are on the rise
• Negative Sentiment: Diamond Equity lowered its EPS forecasts across multiple periods, including Q3 and Q4 2026 and Q1-Q4 2027. Its FY2027 estimate fell to $1.04 from $1.23, while Q3 2026 was reduced to $0.12 from $0.18 and Q4 2026 to $0.14 from $0.23. These revisions signal more cautious expectations for near-term earnings and could limit the stock’s upside.

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.

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.

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