B. Riley Lifts Earnings Estimates for Almonty Industries

Key Points

• B. Riley has raised its FY2026 earnings per share (EPS) estimate for Almonty Industries from $0.10 to $0.11.
• The company's quarterly earnings report revealed an EPS of ($0.05), which missed consensus estimates by ($0.04).
• Cantor Fitzgerald has initiated coverage on Almonty Industries with an "overweight" rating and a target price of $6.50.

Almonty Industries Inc. (NASDAQ:ALM - Free Report) - B. Riley raised their FY2026 earnings estimates for Almonty Industries in a report released on Friday, September 19th. B. Riley analyst N. Giles now expects that the company will earn $0.11 per share for the year, up from their previous estimate of $0.10. B. Riley also issued estimates for Almonty Industries' FY2028 earnings at $0.72 EPS.

Almonty Industries (NASDAQ:ALM - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). Almonty Industries had a negative net margin of 366.52% and a negative return on equity of 104.72%. The business had revenue of $5.20 million for the quarter, compared to analysts' expectations of $5.30 million.

Separately, Cantor Fitzgerald assumed coverage on shares of Almonty Industries in a research note on Wednesday, August 13th. They set an "overweight" rating and a $6.50 target price on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $6.50.

Almonty Industries Price Performance

Shares of ALM traded up $0.23 during mid-day trading on Monday, hitting $5.30. 1,197,185 shares of the company's stock traded hands, compared to its average volume of 651,313. The company has a debt-to-equity ratio of 16.37, a current ratio of 0.77 and a quick ratio of 0.63. Almonty Industries has a 1 year low of $3.16 and a 1 year high of $5.50.

Almonty Industries Company Profile

Almonty Industries Inc is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc is based in TORONTO.