ArrowMark Colorado Holdings LLC Takes Position in Almonty Industries Inc. $ALM

ArrowMark Colorado Holdings LLC bought a new position in shares of Almonty Industries Inc. (NASDAQ:ALM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,294,701 shares of the company’s stock, valued at approximately $7,807,000. ArrowMark Colorado Holdings LLC owned 0.58% of Almonty Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ALM. Banque Cantonale Vaudoise bought a new stake in Almonty Industries during the third quarter worth about $54,000. MCF Advisors LLC purchased a new position in shares of Almonty Industries in the third quarter worth $60,000. Oppenheimer & Co. Inc. bought a new position in Almonty Industries during the 3rd quarter valued at about $66,000. Fifth Lane Capital LP purchased a new position in shares of Almonty Industries during the third quarter valued at approximately $75,000. Finally, Amundi bought a new position in shares of Almonty Industries during the 3rd quarter valued at $121,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ALM shares. B. Riley Financial upped their price target on shares of Almonty Industries from $10.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Almonty Industries in a research note on Monday, December 29th. Finally, DA Davidson set a $25.00 price target on Almonty Industries in a report on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Almonty Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

Almonty Industries Trading Down 6.6%

ALM stock opened at $19.67 on Monday. The firm has a fifty day moving average price of $13.83 and a 200 day moving average price of $9.25. Almonty Industries Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $22.55. The firm has a market cap of $5.51 billion and a PE ratio of -85.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.25 and a current ratio of 2.38.

Almonty Industries 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.