Almonty Industries Inc. $ALM Shares Acquired by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC boosted its holdings in Almonty Industries Inc. (NASDAQ:ALM) by 110.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,781,415 shares of the company’s stock after purchasing an additional 2,508,478 shares during the period. Almonty Industries comprises 2.4% of Cooper Creek Partners Management LLC’s portfolio, making the stock its 12th largest position. Cooper Creek Partners Management LLC’s holdings in Almonty Industries were worth $69,235,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Leonteq Securities AG purchased a new stake in Almonty Industries during the 1st quarter worth approximately $29,000. Global Retirement Partners LLC purchased a new position in shares of Almonty Industries during the 4th quarter valued at approximately $35,000. Rockefeller Capital Management L.P. boosted its stake in shares of Almonty Industries by 30.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company’s stock valued at $38,000 after buying an additional 1,000 shares during the last quarter. State of Wyoming acquired a new stake in shares of Almonty Industries during the fourth quarter worth approximately $41,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Almonty Industries during the third quarter worth approximately $54,000.

Almonty Industries Trading Down 5.9%

NASDAQ:ALM opened at $13.34 on Friday. The company has a market cap of $3.84 billion and a PE ratio of -26.68. The business’s 50 day moving average is $16.93 and its two-hundred day moving average is $16.43. The company has a quick ratio of 2.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. Almonty Industries Inc. has a 52 week low of $3.16 and a 52 week high of $24.41.

Almonty Industries (NASDAQ:ALM) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Almonty Industries had a negative return on equity of 11.01% and a negative net margin of 262.29%.The business had revenue of $18.52 million during the quarter, compared to the consensus estimate of $15.44 million. On average, analysts predict that Almonty Industries Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

ALM has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Almonty Industries in a research note on Thursday, June 18th. DA Davidson increased their price objective on shares of Almonty Industries from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Texas Capital raised shares of Almonty Industries to a “strong-buy” rating in a report on Thursday, April 16th. Finally, Oppenheimer boosted their target price on shares of Almonty Industries from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Almonty Industries presently has an average rating of “Moderate Buy” and a consensus target price of $21.88.

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.