Equities Analysts Set Expectations for ALM FY2026 Earnings

Key Points

• Diamond Equity cut Almonty Industries’ FY2026 EPS forecast to $0.39 from $0.55, below the consensus estimate of $0.48, signaling weaker-than-expected near-term earnings prospects.
• Despite the estimate reduction, analyst sentiment remains positive: ALM has an average “Buy” rating and a consensus price target of $27.00, while recent analysts raised their individual targets.
• Almonty’s shares were trading down 4.6% and carry a high P/E ratio of 97.51. Offsetting concerns, the company announced a potential $300 million share buyback and continues to benefit from optimism around its Sangdong tungsten project and strong Panasqueira results.

Almonty Industries Inc. (NASDAQ:ALM - Free Report) - Equities researchers at Diamond Equity dropped their FY2026 earnings estimates for Almonty Industries in a research note issued on Friday, August 14th. Diamond Equity analyst H. Diamond now expects that the company will post earnings per share of $0.39 for the year, down from their prior forecast of $0.55. The consensus estimate for Almonty Industries' current full-year earnings is $0.48 per share.

ALM has been the topic of several other research reports. 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. Oppenheimer upped their price objective on Almonty Industries from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded Almonty Industries from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. One investment 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $27.00.

Almonty Industries Trading Down 4.6%

ALM opened at $15.60 on Wednesday. The stock has a market capitalization of $4.49 billion and a P/E ratio of 97.51. The company has a current ratio of 9.58, a quick ratio of 9.51 and a debt-to-equity ratio of 1.37. Almonty Industries has a 12 month low of $3.97 and a 12 month high of $24.41. The firm's fifty day simple moving average is $15.14 and its 200 day simple moving average is $16.91.

Institutional Trading of Almonty Industries

Hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in shares of Almonty Industries during the third quarter worth approximately $54,000. Van ECK Associates Corp acquired a new stake in shares of Almonty Industries in the third quarter valued at approximately $506,000. Mackenzie Financial Corp bought a new stake in shares of Almonty Industries in the third quarter valued at approximately $422,000. Sei Investments Co. bought a new stake in shares of Almonty Industries in the third quarter valued at approximately $2,563,000. Finally, Boston Partners acquired a new stake in Almonty Industries during the third quarter worth approximately $771,000.

Key Almonty Industries News

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

• Positive Sentiment: Almonty announced a share-repurchase program of up to US$300 million, intended to capitalize on what management sees as a disconnect between the share price and the value of its strategic tungsten assets. The program could support per-share value and signals management confidence ahead of initial Sangdong revenue. Almonty Shares Rise on $300 Million Share Repurchase Program
• Positive Sentiment: Coverage highlighted the potential for significant growth as Sangdong ramps up. Almonty’s Panasqueira mine reportedly delivered a 498% year-over-year revenue increase and a 60.7% gross margin in the second quarter, demonstrating operating leverage before Sangdong makes a meaningful contribution. A 21-year offtake agreement with GTP covering 90% of Phase I Sangdong output also improves future revenue visibility. Almonty Industries: Panasqueira Has Already Proven The Sangdong Earnings Model
• Positive Sentiment: Commentary continues to position Almonty as a strategically important non-China tungsten supplier. Structural shortages and demand from defense and industrial customers could support tungsten prices and strengthen the investment case. Commodity Fever Rises Due to Structural Shortages
• Neutral Sentiment: The reported gap-up reflects strong momentum following the buyback announcement, but the technical move does not by itself change Almonty’s operating outlook. Almonty Industries Shares Gap Up
• Negative Sentiment: Diamond Equity lowered EPS estimates across late 2026 and 2027, including its FY2027 forecast from $1.23 to $1.04 and its Q3 2026 estimate from $0.18 to $0.12. These revisions raise concerns about the pace of near-term earnings growth, particularly with ALM trading at a high earnings multiple. Almonty Industries Analyst Estimates

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source