Next Century Growth Investors LLC Purchases Shares of 1,855,260 Almonty Industries Inc. $ALM

Next Century Growth Investors LLC purchased a new stake in shares of Almonty Industries Inc. (NASDAQ:ALM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,855,260 shares of the company’s stock, valued at approximately $16,345,000. Next Century Growth Investors LLC owned approximately 0.71% of Almonty Industries as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Serenus Wealth Advisors LLC boosted its stake in Almonty Industries by 11.0% during the 4th quarter. Serenus Wealth Advisors LLC now owns 22,200 shares of the company’s stock valued at $196,000 after purchasing an additional 2,200 shares in the last quarter. Global Retirement Partners LLC bought a new position in Almonty Industries during the 4th quarter valued at $35,000. MCF Advisors LLC boosted its stake in Almonty Industries by 40.8% during the 4th quarter. MCF Advisors LLC now owns 14,084 shares of the company’s stock valued at $124,000 after purchasing an additional 4,084 shares in the last quarter. State of Wyoming bought a new position in Almonty Industries during the 4th quarter valued at $41,000. Finally, FNY Investment Advisers LLC bought a new position in Almonty Industries during the 3rd quarter valued at $30,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALM. Oppenheimer increased their price target on Almonty Industries from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. B. Riley Financial raised their price objective on Almonty Industries from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. DA Davidson reissued a “buy” rating and set a $25.00 price objective on shares of Almonty Industries in a research note on Thursday, March 26th. Finally, Texas Capital raised Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.88.

Almonty Industries Stock Performance

ALM opened at $17.68 on Friday. The firm has a market cap of $5.05 billion and a PE ratio of -35.36. The company has a quick ratio of 2.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $19.39 and a 200-day simple moving average of $14.70. Almonty Industries Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $24.41.

Almonty Industries (NASDAQ:ALM) last released its quarterly earnings data on Monday, May 11th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $18.52 million during the quarter, compared to analyst estimates of $15.44 million. Almonty Industries had a negative return on equity of 11.01% and a negative net margin of 262.29%. As a group, equities analysts predict that Almonty Industries Inc. will post 0.41 EPS for the current fiscal year.

About Almonty Industries

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.