Oxbow Advisors LLC Purchases Shares of 259,846 Almonty Industries Inc. $ALM

Oxbow Advisors LLC acquired a new position in shares of Almonty Industries Inc. (NASDAQ:ALM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 259,846 shares of the company’s stock, valued at approximately $3,763,000. Oxbow Advisors LLC owned approximately 0.09% of Almonty Industries at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ALM. Van ECK Associates Corp boosted its holdings in shares of Almonty Industries by 13,294.7% in the 4th quarter. Van ECK Associates Corp now owns 11,239,482 shares of the company’s stock valued at $99,013,000 after buying an additional 11,155,572 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Almonty Industries during the 4th quarter worth $25,620,000. Next Century Growth Investors LLC purchased a new stake in Almonty Industries in the fourth quarter valued at $16,345,000. Alyeska Investment Group L.P. purchased a new stake in Almonty Industries in the third quarter valued at $7,839,000. Finally, Ghisallo Capital Management LLC purchased a new stake in Almonty Industries in the fourth quarter valued at $11,453,000.

Almonty Industries Stock Performance

Shares of Almonty Industries stock opened at $15.71 on Friday. Almonty Industries Inc. has a 1 year low of $3.16 and a 1 year high of $24.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.37 and a current ratio of 2.45. The company has a market capitalization of $4.48 billion and a P/E ratio of -31.42. The company’s fifty day moving average is $18.67 and its two-hundred day moving average is $15.80.

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

Analysts Set New Price Targets

ALM has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Almonty Industries in a report on Thursday, June 18th. DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Almonty Industries in a research report on Thursday, March 26th. Texas Capital upgraded Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. B. Riley Financial lifted their price target on Almonty Industries from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Oppenheimer boosted their price objective on Almonty Industries from $22.00 to $25.00 and gave the company an “outperform” rating in a research note 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.88.

Almonty Industries 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.