UBS Group AG Buys 174,919 Shares of Almonty Industries Inc. $ALM

UBS Group AG grew its stake in shares of Almonty Industries Inc. (NASDAQ:ALM) by 239.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 247,830 shares of the company’s stock after acquiring an additional 174,919 shares during the quarter. UBS Group AG’s holdings in Almonty Industries were worth $2,183,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $30,000. Banque Cantonale Vaudoise bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $54,000. MCF Advisors LLC bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $60,000. Oppenheimer & Co. Inc. bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $66,000. Finally, Scientech Research LLC bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $75,000.

Almonty Industries Price Performance

Shares of ALM opened at $20.33 on Thursday. Almonty Industries Inc. has a 12-month low of $3.16 and a 12-month high of $24.41. The business has a 50-day simple moving average of $18.80 and a two-hundred day simple moving average of $13.76. The company has a quick ratio of 2.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The stock has a market cap of $5.77 billion and a PE ratio of -40.66.

Almonty Industries (NASDAQ:ALM) last issued its earnings results on Monday, May 11th. The company reported $0.01 earnings per share (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 business had revenue of $18.52 million during the quarter, compared to analysts’ expectations of $15.44 million. Analysts anticipate that Almonty Industries Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Almonty Industries Company 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.