Almonty Industries (NASDAQ:ALM) Given New $23.00 Price Target at B. Riley Financial

Almonty Industries (NASDAQ:ALM) had its price objective hoisted by equities researchers at B. Riley Financial from $17.00 to $23.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s target price indicates a potential upside of 41.51% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Oppenheimer lifted their target price on Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of Almonty Industries in a research report on Monday, December 29th. Finally, DA Davidson restated a “buy” rating and set a $25.00 price target on shares of Almonty Industries in a report on Friday. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.38.

Almonty Industries Stock Down 5.4%

Shares of Almonty Industries stock traded down $0.93 during midday trading on Friday, hitting $16.25. The company’s stock had a trading volume of 3,195,868 shares, compared to its average volume of 5,134,788. Almonty Industries has a 1-year low of $3.16 and a 1-year high of $22.55. The company has a quick ratio of 2.25, a current ratio of 2.38 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $4.56 billion and a P/E ratio of -71.38. The stock has a 50-day simple moving average of $14.52 and a 200-day simple moving average of $9.56.

Institutional Trading of Almonty Industries

Several large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in shares of Almonty Industries during the 4th quarter valued at about $35,000. Rockefeller Capital Management L.P. lifted its holdings in Almonty Industries by 30.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the last quarter. State of Wyoming bought a new stake in Almonty Industries during the fourth quarter worth approximately $41,000. FNY Investment Advisers LLC acquired a new position in Almonty Industries during the third quarter valued at approximately $30,000. Finally, Banque Cantonale Vaudoise acquired a new position in Almonty Industries during the third quarter valued at approximately $54,000.

Trending Headlines about Almonty Industries

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

• Positive Sentiment: Two analyst actions increase upside expectations — Oppenheimer raised its price target to $19 and kept an “outperform” rating, and DA Davidson reaffirmed a “buy” with a $25 target. These calls signal analyst confidence in upside from current levels. Benzinga: Analyst Notes
• Positive Sentiment: Operational progress at Sangdong: company reports first ore delivered to the ROM pad and transition toward active mining ahead of commercial production — a major milestone that supports future revenue growth as the mine ramps. Almonty Industries Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Tungsten market tailwind — reported APT tungsten prices have surged year‑over‑year, which should materially improve future cash flows if Almonty sustains production. FinancialPost: Tungsten Pricing & Results
• Positive Sentiment: Sangdong relaunch seen as signaling Korea’s return to tungsten production, supporting longer‑term demand/supply dynamics favorable to ALM. KoreaTimes: Sangdong Mine Relaunch
• Positive Sentiment: Amendments to the US$75.1M Korea Tungsten loan were reported, which may provide financing flexibility for the Sangdong ramp; this reduces a key execution risk if terms are supportive. TipRanks: Loan Amendments
• Neutral Sentiment: Short‑interest reports show anomalous zero values and NaN changes across March publications — likely a data/reporting artifact rather than a real shift in short positioning; treat with caution.
• Neutral Sentiment: Headline comparison pieces and peer analyses are circulating but add little immediate new information for ALM’s near‑term price action. AmericanBankingNews: Peer Comparison
• Negative Sentiment: Quarterly results disappointed: EPS and revenue missed consensus (reported -$0.43 EPS vs -$0.01 est; revenue below estimates), with negative margins and ROE — this weaker near‑term financial performance likely explains selling pressure despite the operational positives. MarketBeat: Earnings Summary

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.