Almonty Industries (TSE:AII) Stock Moved Up to “Hold” by The Goldman Sachs Group

Almonty Industries (TSE:AII) was upgraded by investment analysts at The Goldman Sachs Group to a “hold” rating in a research report issued on Thursday, Zacks reports.

Separately, Jefferies Financial Group upgraded Almonty Industries to a “strong-buy” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Almonty Industries Stock Performance

AII opened at C$15.51 on Thursday. The company has a debt-to-equity ratio of 46.54, a quick ratio of 0.11 and a current ratio of 2.45. The stock has a market capitalization of C$4.40 billion, a price-to-earnings ratio of -23.15 and a beta of 2.17. The company has a fifty day moving average of C$16.14 and a 200 day moving average of C$22.06. Almonty Industries has a fifty-two week low of C$4.96 and a fifty-two week high of C$33.35.

About Almonty Industries

Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.