Almonty Industries (NASDAQ:ALM – Get Free Report) had its price objective lifted by investment analysts at Oppenheimer from $7.00 to $12.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 41.01% from the company’s previous close.
Several other equities analysts have also weighed in on ALM. DA Davidson lifted their target price on shares of Almonty Industries from $7.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Almonty Industries in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on shares of Almonty Industries in a report on Wednesday, August 13th. They set an “overweight” rating and a $6.50 target price for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Almonty Industries has an average rating of “Moderate Buy” and an average target price of $9.83.
View Our Latest Analysis on ALM
Almonty Industries Price Performance
Almonty Industries (NASDAQ:ALM – Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $5.20 million for the quarter, compared to analysts’ expectations of $5.30 million. Almonty Industries had a negative net margin of 366.52% and a negative return on equity of 104.72%.
About Almonty Industries
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.
See Also
- Five stocks we like better than Almonty Industries
- Using the MarketBeat Stock Split Calculator
- Salesforce’s Long-Awaited Inflection is Here: Rally On!
- The Risks of Owning Bonds
- Rocket Lab USA Receives Wall Street Validation: Time to Buy?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Archer Buys Rival’s Patent Treasure Trove in Strategic Move
Receive News & Ratings for Almonty Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almonty Industries and related companies with MarketBeat.com's FREE daily email newsletter.