Almonty Industries (NASDAQ:ALM) Shares Gap Up After Analyst Upgrade

Almonty Industries Inc. (NASDAQ:ALM)’s share price gapped up prior to trading on Friday after B. Riley Financial raised their price target on the stock from $17.00 to $23.00. The stock had previously closed at $17.18, but opened at $17.76. B. Riley Financial currently has a buy rating on the stock. Almonty Industries shares last traded at $17.3810, with a volume of 1,092,852 shares changing hands.

A number of other research analysts also recently weighed in on ALM. Oppenheimer raised their price target on Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of Almonty Industries in a report on Monday, December 29th. Finally, DA Davidson reissued a “buy” rating and issued a $25.00 target price on shares of Almonty Industries in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.38.

Almonty Industries News Roundup

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

• Positive Sentiment: Sangdong mine back in production after 30 years — Almonty restarted high‑grade tungsten mining at the Sangdong site in South Korea, a key supply-side catalyst that moves the company from development to active mining and supports future concentrate volumes. Almonty’s high-grade South Korea tungsten mine resumes after 30 years
• Positive Sentiment: First ore delivered & rising tungsten prices — Company announced first ore delivered to the Sangdong ROM pad and Business Wire/Financial Post noted a sharp rise in tungsten (APT) pricing (TTM APT up ~534% YoY to ~US$2,250/MTU), which should materially improve revenue and margins as production ramps. Almonty Industries Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Multiple analyst upgrades and higher price targets — B. Riley raised its target to $23 (buy), Oppenheimer raised to $19 (outperform) and DA Davidson reaffirmed buy with a $25 target; these upgrades signal analyst confidence in upside as production and pricing improve. B. Riley raises price target for Almonty Analyst coverage (Benzinga)
• Neutral Sentiment: Loan amendments announced for the US$75.1M Korea Tungsten loan — Almonty disclosed a series of amendments (details in the company announcement); such restructurings can provide financing flexibility but the net impact depends on terms. Almonty Industries Reports Series of Amendments to US$75.1 Million Korea Tungsten Loan
• Neutral Sentiment: Short‑interest reporting appears unreliable — recent short‑interest posts show zeros/NaN and an implausible days‑to‑cover of 0.0 days; treat these data points cautiously until clarified by exchanges or the company.
• Negative Sentiment: Quarterly earnings missed expectations — Almonty reported EPS of ($0.43) vs consensus ($0.01) and revenue below estimates (reported ~$6.25M vs est ~$10.13M), with very negative margins. This miss likely pressured the stock near term despite operational progress (source: earnings release/market summary).

Hedge Funds Weigh In On Almonty Industries

A number of large investors have recently made changes to their positions in ALM. Van ECK Associates Corp increased its stake in shares of Almonty Industries by 13,294.7% during the fourth quarter. Van ECK Associates Corp now owns 11,239,482 shares of the company’s stock worth $99,013,000 after purchasing an additional 11,155,572 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Almonty Industries during the fourth quarter worth $25,620,000. Next Century Growth Investors LLC acquired a new stake in shares of Almonty Industries during the fourth quarter worth $16,345,000. Telemark Asset Management LLC bought a new stake in shares of Almonty Industries in the third quarter valued at about $7,839,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Almonty Industries in the third quarter valued at about $7,839,000.

Almonty Industries Price Performance

The company has a quick ratio of 2.25, a current ratio of 2.38 and a debt-to-equity ratio of 1.02. The company’s 50 day moving average is $14.67 and its 200 day moving average is $9.68. The firm has a market capitalization of $4.54 billion and a price-to-earnings ratio of -27.93.

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.