Bank of New York Mellon Corp purchased a new position in shares of Almonty Industries Inc. (NASDAQ:ALM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 429,833 shares of the company's stock, valued at approximately $7,118,000. Bank of New York Mellon Corp owned 0.15% of Almonty Industries as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Leonteq Securities AG acquired a new position in Almonty Industries in the 1st quarter worth approximately $29,000. Global Retirement Partners LLC purchased a new position in shares of Almonty Industries during the 4th quarter valued at about $35,000. Rockefeller Capital Management L.P. raised its stake in shares of Almonty Industries by 30.0% during 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. State of Wyoming acquired a new position in shares of Almonty Industries in the 4th quarter valued at about $41,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Almonty Industries in the 3rd quarter valued at about $54,000.
Almonty Industries Stock Performance
Shares of ALM stock opened at $17.84 on Friday. The company has a market capitalization of $5.14 billion, a P/E ratio of 111.51 and a beta of 3.75. The business's 50 day moving average is $15.21 and its two-hundred day moving average is $17.32. 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 Inc. has a 12-month low of $4.10 and a 12-month high of $24.41.
Wall Street Analyst Weigh In
Several analysts recently commented on ALM shares. Jefferies Financial Group began coverage on Almonty Industries in a report on Wednesday. They set a "buy" rating and a $26.25 target price on the stock. DA Davidson boosted their price target on Almonty Industries from $25.00 to $33.00 and gave the company a "buy" rating in a report 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 raised shares of Almonty Industries from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $26.81.
Check Out Our Latest Stock Analysis on Almonty Industries
Almonty Industries Company Profile
(
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
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
