Almonty Industries (NASDAQ:ALM) Shares Up 6.2% – Time to Buy?

Almonty Industries Inc. (NASDAQ:ALM)’s stock price was up 6.2% on Friday. The company traded as high as $8.19 and last traded at $8.1010. Approximately 578,440 shares changed hands during trading, a decline of 90% from the average daily volume of 5,850,697 shares. The stock had previously closed at $7.63.

Trending Headlines about Almonty Industries

Here are a few of the latest headlines about ALM:

• Positive Sentiment: Stifel Nicolaus maintained a Buy rating and set a new $18 price target, which is substantially above the share price cited in the report. Stifel Nicolaus stock recommendations
• Negative Sentiment: Despite higher revenue, Almonty recorded a US$1.2 million operating loss and spent US$17.4 million on property, plant and equipment, highlighting execution costs as it invests in growth. Almonty Industries Q3 2026 earnings
• Negative Sentiment: Stifel cut its target from $21 to $18, tempering the bullish signal even as it retained its Buy rating. Separately, a report flagged a potential C$43 million legal claim, which could pose financial and execution risk; details and outcome remain uncertain. Almonty’s Sangdong Fixes Face a C$43 Million Test as a Canadian Claim Looms

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ALM shares. Weiss Ratings upgraded shares of Almonty Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 25th. Jefferies Financial Group began coverage on shares of Almonty Industries in a report on Wednesday, September 2nd. They issued a “buy” rating and a $26.25 target price for the company. Stifel Nicolaus dropped their price target on shares of Almonty Industries from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday. DA Davidson reissued a “buy” rating and set a $33.00 price target on shares of Almonty Industries in a research report on Tuesday, September 15th. Finally, The Goldman Sachs Group assumed coverage on shares of Almonty Industries in a report on Thursday, September 24th. They set a “hold” rating and a $13.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Almonty Industries currently has a consensus rating of “Moderate Buy” and an average price target of $22.54.

Almonty Industries Price Performance

The stock has a market cap of $2.37 billion, a P/E ratio of 43.27 and a beta of 4.65. The company has a debt-to-equity ratio of 1.37, a quick ratio of 9.51 and a current ratio of 9.58. The business has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $15.64.

Hedge Funds Weigh In On Almonty Industries

Institutional investors have recently bought and sold shares of the company. Cooper Creek Partners Management LLC lifted its holdings in Almonty Industries by 110.4% during the 1st quarter. Cooper Creek Partners Management LLC now owns 4,781,415 shares of the company’s stock worth $69,235,000 after purchasing an additional 2,508,478 shares in the last quarter. Encompass Capital Advisors LLC increased its holdings in Almonty Industries by 47.9% during the 1st quarter. Encompass Capital Advisors LLC now owns 4,300,839 shares of the company’s stock worth $62,276,000 after acquiring an additional 1,392,806 shares during the period. State Street Corp increased its holdings in Almonty Industries by 10.9% during the 3rd quarter. State Street Corp now owns 2,211,127 shares of the company’s stock worth $29,098,000 after acquiring an additional 217,087 shares during the period. Voya Investment Management LLC lifted its stake in Almonty Industries by 9,667.6% in the 3rd quarter. Voya Investment Management LLC now owns 2,043,568 shares of the company’s stock worth $26,893,000 after purchasing an additional 2,022,646 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Almonty Industries in the 3rd quarter worth approximately $14,007,000.

About Almonty Industries

Almonty Industries Inc. is a mining company focused on tungsten, a metal used in applications such as cutting tools, industrial machinery, electronics and defense. The company produces tungsten concentrate and develops and operates tungsten mining assets. Its portfolio includes the Panasqueira mine in Portugal and the Los Santos mine in Spain, as well as the Sangdong tungsten project in South Korea. Almonty’s activities span Europe and Asia, with Sangdong representing a major project in the company’s effort to expand tungsten supply outside China.