Baader Bank Aktiengesellschaft Buys Shares of 96,175 Almonty Industries Inc. $ALM

Baader Bank Aktiengesellschaft purchased a new position in Almonty Industries Inc. (NASDAQ:ALM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 96,175 shares of the company’s stock, valued at approximately $580,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntleigh Advisors Inc. acquired a new stake in Almonty Industries during the third quarter worth about $661,000. BLB&B Advisors LLC bought a new position in shares of Almonty Industries during the third quarter valued at approximately $298,000. General American Investors Co. Inc. bought a new position in shares of Almonty Industries during the third quarter valued at approximately $246,000. Old West Investment Management LLC acquired a new stake in shares of Almonty Industries during the 3rd quarter worth approximately $2,148,000. Finally, MCF Advisors LLC bought a new stake in shares of Almonty Industries in the 3rd quarter worth approximately $60,000.

Almonty Industries Stock Performance

Shares of ALM stock opened at $14.18 on Thursday. Almonty Industries Inc. has a 1 year low of $3.16 and a 1 year high of $14.91. The company has a current ratio of 2.38, a quick ratio of 2.25 and a debt-to-equity ratio of 1.02. The firm’s fifty day moving average price is $9.75. The firm has a market cap of $3.73 billion and a PE ratio of -61.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. DA Davidson increased their target price on Almonty Industries from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Oppenheimer increased their price objective 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Almonty Industries in a research report on Monday, December 29th. Finally, Wall Street Zen raised 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.17.

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.