Almonty Industries Inc. (NASDAQ:ALM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Almonty Industries Inc. (NASDAQ:ALM) have been given an average rating of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.3750.

Several equities research analysts recently commented on ALM shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Almonty Industries in a report on Monday, December 29th. DA Davidson boosted their target price on shares of Almonty Industries from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. B. Riley Securities upped their price target on shares of Almonty Industries from $10.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wall Street Zen raised shares of Almonty Industries from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th.

Almonty Industries Stock Up 8.1%

Shares of ALM stock traded up $1.04 during trading hours on Friday, hitting $13.81. 1,491,774 shares of the company’s stock were exchanged, compared to its average volume of 4,928,332. The company has a current ratio of 2.38, a quick ratio of 2.25 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $3.63 billion and a price-to-earnings ratio of -60.04. The business’s 50 day moving average price is $9.86. Almonty Industries has a fifty-two week low of $3.16 and a fifty-two week high of $14.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Almonty Industries during the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC purchased a new position in Almonty Industries in the fourth quarter worth approximately $35,000. State of Wyoming acquired a new stake in Almonty Industries during the fourth quarter worth $41,000. Banque Cantonale Vaudoise purchased a new stake in Almonty Industries in the third quarter valued at $54,000. Finally, MCF Advisors LLC purchased a new position in shares of Almonty Industries during the 3rd quarter worth $60,000.

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.