Almonty Industries (TSE:AII) Rating Increased to Strong-Buy at Texas Capital

Texas Capital upgraded shares of Almonty Industries (TSE:AII) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Almonty Industries Price Performance

Almonty Industries stock opened at C$32.07 on Thursday. Almonty Industries has a 52 week low of C$3.36 and a 52 week high of C$33.35. The company’s 50 day moving average price is C$23.69 and its two-hundred day moving average price is C$15.67. The stock has a market cap of C$9.04 billion, a P/E ratio of -41.12 and a beta of 2.00. The company has a quick ratio of 0.11, a current ratio of 3.89 and a debt-to-equity ratio of 45.31.

Almonty Industries (TSE:AII) last released its earnings results on Thursday, March 19th. The company reported C($0.48) earnings per share (EPS) for the quarter. The business had revenue of C$8.72 million during the quarter. Almonty Industries had a negative net margin of 497.98% and a negative return on equity of 116.13%. On average, equities analysts predict that Almonty Industries will post 0.0199773 earnings per share for the current year.

Almonty Industries Company Profile

Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.