BLB&B Advisors LLC Takes Position in Almonty Industries Inc. $ALM

BLB&B Advisors LLC acquired a new position in Almonty Industries Inc. (NASDAQ:ALM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 49,400 shares of the company’s stock, valued at approximately $298,000.

Separately, Huntleigh Advisors Inc. bought a new stake in shares of Almonty Industries during the 3rd quarter valued at $661,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on ALM shares. DA Davidson reaffirmed a “buy” rating and issued a $12.00 target price on shares of Almonty Industries in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Almonty Industries in a research note on Monday, December 29th. Oppenheimer increased their target price on shares of Almonty Industries from $7.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Finally, Wall Street Zen upgraded shares of Almonty Industries from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.17.

Almonty Industries Stock Up 5.9%

Shares of ALM stock opened at $11.09 on Monday. The business has a fifty day moving average of $8.07. Almonty Industries Inc. has a 52 week low of $3.16 and a 52 week high of $11.24. The stock has a market cap of $2.91 billion and a PE ratio of -48.22. The company has a debt-to-equity ratio of 16.37, a quick ratio of 0.63 and a current ratio of 0.77.

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.