Almonty Industries (NASDAQ:ALM) Shares Climb 7.6% - Here's What Happened

Key Points

• Almonty Industries shares rose 7.6% to $13.34 in midday trading, although volume was 77% below the average session level.
• Analyst sentiment is broadly positive but divided: Stifel initiated a Buy rating with a $25 target, while Goldman Sachs issued a Hold rating with a $13 target. Overall, the stock carries a Moderate Buy consensus and a $24.21 average target.
• The company’s board backed a $300 million share buyback, while its Sangdong tungsten project entered the sales phase—key milestones supporting Almonty’s growth strategy but leaving execution and production-ramp risks.

Almonty Industries Inc. (NASDAQ:ALM - Get Free Report)'s share price traded up 7.6% during mid-day trading on Friday. The stock traded as high as $13.53 and last traded at $13.3420. 1,339,500 shares traded hands during trading, a decline of 77% from the average session volume of 5,737,257 shares. The stock had previously closed at $12.40.

Almonty Industries News Summary

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

• Positive Sentiment: Stifel initiates coverage with a Buy rating and $25 price target. The target implies substantial upside and reflects confidence in Almonty’s tungsten production plans and longer-term growth potential. Stifel coverage report
• Positive Sentiment: The board backed a $300 million share buyback. The repurchase authorization could support the stock, signal management’s confidence in intrinsic value, and reduce the share count if executed. Investors may also view it as a potential offset to dilution concerns. Almonty buyback article
• Positive Sentiment: Sangdong has entered its sales phase, while Almonty advances a three-continent tungsten strategy. Moving toward sales marks an important operational milestone and may improve visibility into future revenue and cash flow. Three-continent strategy article
• Neutral Sentiment: Short-interest data showed zero reported shares short. This suggests limited measurable short-selling pressure, although the figure may reflect reporting or data limitations rather than a significant change in investor positioning.
• Negative Sentiment: Goldman Sachs initiated coverage with a Hold rating and a $13 price target. The target is below the recent trading level, highlighting concerns about valuation and the time required to execute Almonty’s expansion plans. Goldman Sachs Hold rating
• Negative Sentiment: The stock fell as Sangdong entered the sales phase. Investors may be taking profits or applying a “sell the news” reaction, while focusing on production ramp-up, customer demand, and execution risks. The sharply divided analyst views reinforce the stock’s high-volatility profile. Sangdong sales phase article

Wall Street Analyst Weigh In

Several research firms recently commented on ALM. Stifel Nicolaus initiated coverage on Almonty Industries in a report on Friday. They issued a "buy" rating and a $25.00 target price on the stock. DA Davidson reaffirmed a "buy" rating and set a $33.00 price target on shares of Almonty Industries in a report on Tuesday, September 15th. Jefferies Financial Group assumed coverage on Almonty Industries in a research report on Wednesday, September 2nd. They set a "buy" rating and a $26.25 price objective for the company. Weiss Ratings upgraded Almonty Industries from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Finally, Oppenheimer raised their target price on Almonty Industries from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.21.

Almonty Industries Trading Up 11.0%

The company's fifty day moving average price is $15.17 and its two-hundred day moving average price is $17.15. The firm has a market cap of $3.97 billion, a PE ratio of 85.56 and a beta of 3.75. The company has a quick ratio of 9.51, a current ratio of 9.58 and a debt-to-equity ratio of 1.37.

Institutional Trading of Almonty Industries

A number of institutional investors have recently modified their holdings of ALM. Nykredit A S acquired a new position in Almonty Industries during the second quarter worth $58,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Almonty Industries during the 2nd quarter worth $53,000. Public Employees Retirement System of Ohio acquired a new position in shares of Almonty Industries during the 2nd quarter worth $1,806,000. Bank of New York Mellon Corp acquired a new position in shares of Almonty Industries during the 2nd quarter worth $7,118,000. Finally, Bank of America Corp DE increased its holdings in shares of Almonty Industries by 309.6% in the 1st quarter. Bank of America Corp DE now owns 908,911 shares of the company's stock valued at $13,161,000 after purchasing an additional 686,982 shares in the last quarter.

About Almonty Industries

Almonty Industries Inc is a mining and development company focused primarily on tungsten, a specialty metal used in industrial, technology, energy, automotive, aerospace and defense applications. The company's activities include the exploration, development, operation and redevelopment of tungsten-mining projects, as well as the production of tungsten concentrates.

Almonty's principal assets include the Sangdong Tungsten Project in South Korea, one of the company's key development projects, and the Panasqueira tungsten mine in Portugal, a producing operation with a long operating history.

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