Almonty Industries (NASDAQ:ALM) Shares Up 7.6% – Should You Buy?

Almonty Industries Inc. (NASDAQ:ALM)’s share price shot up 7.6% during mid-day trading on Friday. The company traded as high as $13.53 and last traded at $13.3420. 1,339,500 shares were traded during mid-day trading, a decline of 77% from the average session volume of 5,737,257 shares. The stock had previously closed at $12.40.

Almonty Industries News Roundup

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

• Positive Sentiment: Stifel initiates coverage with a Buy rating and $25 price target. The target implies substantial upside and reflects confidence in Almonty’s tungsten production plans and longer-term growth potential. Stifel coverage report
• Positive Sentiment: The board backed a $300 million share buyback. The repurchase authorization could support the stock, signal management’s confidence in intrinsic value, and reduce the share count if executed. Investors may also view it as a potential offset to dilution concerns. Almonty buyback article
• Positive Sentiment: Sangdong has entered its sales phase, while Almonty advances a three-continent tungsten strategy. Moving toward sales marks an important operational milestone and may improve visibility into future revenue and cash flow. Three-continent strategy article
• Neutral Sentiment: Short-interest data showed zero reported shares short. This suggests limited measurable short-selling pressure, although the figure may reflect reporting or data limitations rather than a significant change in investor positioning.
• Negative Sentiment: Goldman Sachs initiated coverage with a Hold rating and a $13 price target. The target is below the recent trading level, highlighting concerns about valuation and the time required to execute Almonty’s expansion plans. Goldman Sachs Hold rating
• Negative Sentiment: The stock fell as Sangdong entered the sales phase. Investors may be taking profits or applying a “sell the news” reaction, while focusing on production ramp-up, customer demand, and execution risks. The sharply divided analyst views reinforce the stock’s high-volatility profile. Sangdong sales phase article

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALM. The Goldman Sachs Group assumed coverage on Almonty Industries in a research note on Thursday. They issued a “hold” rating and a $13.00 price objective for the company. Weiss Ratings raised Almonty Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Jefferies Financial Group started coverage on Almonty Industries in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $26.25 price target for the company. Oppenheimer raised their price target on Almonty Industries from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of Almonty Industries in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.21.

Almonty Industries Stock Performance

The company has a quick ratio of 9.51, a current ratio of 9.58 and a debt-to-equity ratio of 1.37. The company has a market cap of $3.97 billion, a PE ratio of 85.56 and a beta of 3.75. The stock’s 50 day simple moving average is $15.17 and its two-hundred day simple moving average is $17.15.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Cooper Creek Partners Management LLC boosted its holdings in Almonty Industries by 110.4% in the first quarter. Cooper Creek Partners Management LLC now owns 4,781,415 shares of the company’s stock valued at $69,235,000 after acquiring an additional 2,508,478 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in shares of Almonty Industries by 47.9% in the 1st quarter. Encompass Capital Advisors LLC now owns 4,300,839 shares of the company’s stock worth $62,276,000 after purchasing an additional 1,392,806 shares during the period. Next Century Growth Investors LLC purchased a new position in shares of Almonty Industries in the 4th quarter worth about $16,345,000. Bank of America Corp DE lifted its stake in shares of Almonty Industries by 309.6% in the 1st quarter. Bank of America Corp DE now owns 908,911 shares of the company’s stock valued at $13,161,000 after purchasing an additional 686,982 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Almonty Industries in the 1st quarter valued at about $12,953,000.

About Almonty Industries

Almonty Industries Inc is a mining and development company focused primarily on tungsten, a specialty metal used in industrial, technology, energy, automotive, aerospace and defense applications. The company’s activities include the exploration, development, operation and redevelopment of tungsten-mining projects, as well as the production of tungsten concentrates.

Almonty’s principal assets include the Sangdong Tungsten Project in South Korea, one of the company’s key development projects, and the Panasqueira tungsten mine in Portugal, a producing operation with a long operating history.