Almonty Industries (NASDAQ:ALM) Shares Down 7.5% – Here’s Why

Almonty Industries Inc. (NASDAQ:ALM) shares dropped 7.5% during trading on Wednesday . The stock traded as low as $20.59 and last traded at $20.4590. Approximately 2,321,998 shares traded hands during trading, a decline of 56% from the average daily volume of 5,300,798 shares. The stock had previously closed at $22.12.

Almonty Industries News Roundup

Here are the key news stories impacting Almonty Industries this week:

• Positive Sentiment: Diamond Equity boosted Almonty Industries’ full-year 2026 and 2027 earnings forecasts, suggesting stronger profitability ahead. Source article
• Positive Sentiment: The firm also raised estimates for Q2 2026, Q3 2026, Q4 2026, and multiple 2027 quarters, reinforcing the view that execution may be improving. Source article
• Positive Sentiment: A separate note reported that a price target for Almonty Industries was increased by 13.23% to $16.41, which can add to bullish momentum. Source article
• Neutral Sentiment: Another article described Almonty as a “strategic investment,” but it did not include new hard financial data or a specific catalyst. Source article

Analyst Upgrades and Downgrades

ALM has been the subject of several research reports. Texas Capital upgraded Almonty Industries to a “strong-buy” rating in a research report on Thursday, April 16th. DA Davidson reiterated a “buy” rating and set a $25.00 price target on shares of Almonty Industries in a research report on Thursday, March 26th. Oppenheimer raised their price target on shares of Almonty Industries from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Finally, B. Riley Financial raised their price target on shares of Almonty Industries from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.38.

Almonty Industries Trading Down 5.0%

The stock has a market capitalization of $4.94 billion and a PE ratio of -34.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 3.76. The company’s 50 day moving average price is $19.11 and its two-hundred day moving average price is $13.02.

Almonty Industries (NASDAQ:ALM) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $15.44 million. As a group, analysts expect that Almonty Industries Inc. will post 0.62 earnings per share for the current year.

Hedge Funds Weigh In On Almonty Industries

A number of institutional investors have recently added to or reduced their stakes in ALM. Van ECK Associates Corp lifted its position in Almonty Industries by 13,294.7% during the fourth quarter. Van ECK Associates Corp now owns 11,239,482 shares of the company’s stock worth $99,013,000 after buying an additional 11,155,572 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Almonty Industries during the fourth quarter worth approximately $25,620,000. Cooper Creek Partners Management LLC lifted its position in Almonty Industries by 110.4% during the first quarter. Cooper Creek Partners Management LLC now owns 4,781,415 shares of the company’s stock worth $69,235,000 after buying an additional 2,508,478 shares in the last quarter. Next Century Growth Investors LLC purchased a new position in Almonty Industries during the fourth quarter worth approximately $16,345,000. Finally, Telemark Asset Management LLC purchased a new position in Almonty Industries during the third quarter worth approximately $7,839,000.

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.