Intact Investment Management Inc. Invests $732,000 in Almonty Industries Inc. $ALM

Key Points

• Intact Investment Management reported a new Q4 stake of 83,100 shares (~$732,000) in Almonty, and several other institutions also established or increased positions (notably Telemark $7.84M and Marathon $1.51M), signaling rising institutional interest.
• Wall Street is broadly positive with a consensus rating of "Moderate Buy" and a consensus target of $18.38; multiple analysts recently raised targets or upgraded the stock (e.g., DA Davidson $25, B. Riley $23, Texas Capital strong‑buy).
• Almonty opened at $19.54, trades in a 52‑week range of $3.16–$24.41, has a market cap of ~$5.53 billion and a negative P/E of -33.69, reflecting growth/recovery dynamics amid current losses.

Intact Investment Management Inc. bought a new position in shares of Almonty Industries Inc. (NASDAQ:ALM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 83,100 shares of the company's stock, valued at approximately $732,000.

A number of other institutional investors have also modified their holdings of the company. Marathon Capital Management bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $1,509,000. First Eagle Investment Management LLC bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $543,000. Telemark Asset Management LLC bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $7,839,000. Huntleigh Advisors Inc. bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $661,000. Finally, Old West Investment Management LLC bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $2,148,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. DA Davidson restated a "buy" rating and set a $25.00 target price on shares of Almonty Industries in a research note on Thursday, March 26th. B. Riley Financial raised their target price on shares of Almonty Industries from $17.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, March 20th. Texas Capital upgraded shares of Almonty Industries to a "strong-buy" rating in a research note on Thursday, April 16th. Finally, Oppenheimer raised their target price on shares of Almonty Industries from $16.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.38.

Almonty Industries Stock Performance

NASDAQ:ALM opened at $19.54 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.76. Almonty Industries Inc. has a 1 year low of $3.16 and a 1 year high of $24.41. The stock's 50 day simple moving average is $18.67 and its two-hundred day simple moving average is $12.35. The company has a market cap of $5.53 billion and a price-to-earnings ratio of -33.69.

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.

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