Verde Servicos Internacionais S.A. Invests $422,000 in Almonty Industries Inc. $ALM

Verde Servicos Internacionais S.A. acquired a new stake in shares of Almonty Industries Inc. (NASDAQ:ALM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 70,000 shares of the company’s stock, valued at approximately $422,000.

Several other hedge funds have also recently made changes to their positions in ALM. Old West Investment Management LLC purchased a new position in Almonty Industries in the 3rd quarter worth $2,148,000. Huntleigh Advisors Inc. acquired a new position in shares of Almonty Industries in the third quarter valued at about $661,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Almonty Industries in the third quarter worth about $580,000. BLB&B Advisors LLC acquired a new stake in shares of Almonty Industries during the third quarter worth about $298,000. Finally, General American Investors Co. Inc. purchased a new stake in Almonty Industries in the third quarter valued at approximately $246,000.

Almonty Industries Price Performance

ALM opened at $14.18 on Thursday. The company has a fifty day moving average price of $9.75. Almonty Industries Inc. has a 1 year low of $3.16 and a 1 year high of $14.91. The firm has a market cap of $3.73 billion and a PE ratio of -61.65. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.25 and a current ratio of 2.38.

Analyst Ratings Changes

ALM has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Almonty Industries in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Almonty Industries from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. DA Davidson boosted their target price on shares of Almonty Industries from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Oppenheimer upped their price target on shares of Almonty Industries from $7.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Almonty Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.17.

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.