Almonty Industries (NASDAQ:ALM) Stock Price Down 5.3% – Time to Sell?

Almonty Industries Inc. (NASDAQ:ALM)’s share price traded down 5.3% during mid-day trading on Tuesday . The stock traded as low as $13.91 and last traded at $13.89. Approximately 972,691 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 5,735,404 shares. The stock had previously closed at $14.66.

Key Headlines Impacting Almonty Industries

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

• Positive Sentiment: Sangdong received final operating certification. South Korean authorities issued inspection certificates for the processing plant and crushing facilities, clearing the last administrative hurdle for commercial operations and the sale of tungsten concentrate from Phase I. This removes a major permitting risk and enables Almonty to begin generating revenue from the mine. Almonty’s Sangdong Processing Plant Receives Final Operational Certification
• Positive Sentiment: Long-term sales visibility improved. Almonty extended its tungsten offtake agreement with Global Tungsten & Powders to 21 years, supporting demand visibility for Sangdong production. The company also announced a Spanish tailings offtake arrangement and a Rwandan exploration joint venture, broadening its potential supply base. Almonty Extends GTP Tungsten Pact
• Positive Sentiment: Industry conditions remain supportive. Coverage highlights tungsten’s importance to defense and industrial applications, along with supply shortages and efforts by Western companies to diversify away from concentrated sources. These trends could support tungsten prices and Almonty’s strategic value. Defense Boom Meets Tungsten Shortage
• Neutral Sentiment: One market analysis estimates Almonty could be substantially undervalued following its new offtake agreement, but that assessment depends on successful ramp-up, tungsten prices and future cash flows rather than current earnings. Almonty Industries Could Be Undervalued
• Negative Sentiment: Valuation and execution risks remain. ALM trades at a high earnings multiple, while Sangdong must still ramp production efficiently and deliver expected sales. After substantial prior gains, investors may be taking profits or waiting for evidence of operating cash flow, which helps explain why the stock has decreased despite the positive certification news.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Almonty Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Oppenheimer increased their price objective on shares of Almonty Industries from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Jefferies Financial Group started coverage on shares of Almonty Industries in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $26.25 price objective on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 target price on shares of Almonty Industries in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $26.81.

Almonty Industries Price Performance

The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 88.47 and a beta of 3.75. The company has a current ratio of 9.58, a quick ratio of 9.51 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $15.22 and a 200 day moving average of $17.27.

Institutional Investors Weigh In On Almonty Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S acquired a new position in shares of Almonty Industries during the 2nd quarter worth about $58,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Almonty Industries in the second quarter valued at about $53,000. Public Employees Retirement System of Ohio bought a new stake in Almonty Industries during the second quarter worth about $1,806,000. Bank of New York Mellon Corp acquired a new position in Almonty Industries during the second quarter valued at approximately $7,118,000. Finally, Bank of America Corp DE boosted its position in Almonty Industries by 309.6% during the first 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 during 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.