Walleye Capital LLC Purchases Shares of 894,558 Almonty Industries Inc. $ALM

Walleye Capital LLC acquired a new position in Almonty Industries Inc. (NASDAQ:ALM) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 894,558 shares of the company’s stock, valued at approximately $12,953,000.

Several other institutional investors have also recently added to or reduced their stakes in ALM. Rockefeller Capital Management L.P. lifted its stake in Almonty Industries by 30.0% during the fourth 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 in the last quarter. Leonteq Securities AG purchased a new stake in shares of Almonty Industries in the 1st quarter valued at $29,000. Serenus Wealth Advisors LLC lifted its stake in Almonty Industries by 11.0% during the 4th quarter. Serenus Wealth Advisors LLC now owns 22,200 shares of the company’s stock worth $196,000 after acquiring an additional 2,200 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Almonty Industries during the 4th quarter worth about $35,000. Finally, MCF Advisors LLC boosted its holdings in Almonty Industries by 40.8% during the 4th quarter. MCF Advisors LLC now owns 14,084 shares of the company’s stock valued at $124,000 after acquiring an additional 4,084 shares during the period.

Analysts Set New Price Targets

A number of analysts have issued reports on ALM shares. DA Davidson boosted their price target on shares of Almonty Industries from $25.00 to $33.00 and gave the stock 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 research note on Thursday, April 16th. Oppenheimer raised their price target on shares of Almonty Industries from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Almonty Industries in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.88.

Almonty Industries Price Performance

Almonty Industries stock opened at $14.29 on Thursday. The company has a current ratio of 2.45, a quick ratio of 2.37 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $17.10 and a 200-day simple moving average of $16.41. The stock has a market cap of $4.12 billion and a P/E ratio of -28.58. Almonty Industries Inc. has a 12-month low of $3.16 and a 12-month high of $24.41.

Almonty Industries (NASDAQ:ALM) last posted its earnings results on Monday, May 11th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Almonty Industries had a negative return on equity of 11.01% and a negative net margin of 262.29%.The firm had revenue of $18.52 million for the quarter, compared to analyst estimates of $15.44 million. Equities analysts expect that Almonty Industries Inc. will post 0.46 EPS for the current fiscal year.

About Almonty Industries

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.