B. Riley Has Bullish Estimate for ALM FY2026 Earnings

Almonty Industries Inc. (NASDAQ:ALM) – Analysts at B. Riley lifted their FY2026 earnings per share estimates for Almonty Industries in a report issued on Tuesday, November 4th. B. Riley analyst N. Giles now forecasts that the company will earn $0.17 per share for the year, up from their previous forecast of $0.15.

Almonty Industries (NASDAQ:ALM) last released its earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Almonty Industries had a negative net margin of 366.52% and a negative return on equity of 104.72%. The business had revenue of $5.20 million for the quarter, compared to analyst estimates of $5.30 million.

A number of other research firms also recently weighed in on ALM. Oppenheimer increased their price target on Almonty Industries from $7.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Cantor Fitzgerald began coverage on Almonty Industries in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $6.50 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Almonty Industries in a research report on Wednesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $11.00 price target on shares of Almonty Industries in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Almonty Industries Price Performance

Shares of NASDAQ ALM opened at $6.20 on Wednesday. The firm has a 50 day simple moving average of $6.20. Almonty Industries has a fifty-two week low of $3.16 and a fifty-two week high of $10.68. The firm has a market capitalization of $1.39 billion and a price-to-earnings ratio of -18.23. The company has a debt-to-equity ratio of 16.37, a current ratio of 0.77 and a quick ratio of 0.63.

Institutional Investors Weigh In On Almonty Industries

Hedge funds have recently modified their holdings of the business. General American Investors Co. Inc. acquired a new stake in Almonty Industries during the 3rd quarter worth approximately $246,000. BLB&B Advisors LLC acquired a new stake in Almonty Industries during the 3rd quarter worth approximately $298,000. Finally, Huntleigh Advisors Inc. acquired a new stake in shares of Almonty Industries during the third quarter worth $661,000.

Almonty Industries Company Profile

Almonty Industries Inc is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc is based in TORONTO.