What is Diamond Equity’s Forecast for ALM FY2027 Earnings?

Almonty Industries Inc. (NASDAQ:ALM) – Analysts at Diamond Equity issued their FY2027 earnings estimates for shares of Almonty Industries in a research report issued on Wednesday, March 25th. Diamond Equity analyst H. Diamond expects that the company will post earnings of $1.03 per share for the year.

A number of other research firms also recently weighed in on ALM. Weiss Ratings restated a “sell (e+)” rating on shares of Almonty Industries in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Almonty Industries in a report on Thursday. Oppenheimer upped their price target on Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Finally, B. Riley Financial increased their price target on Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Four 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.com, Almonty Industries presently has an average rating of “Moderate Buy” and an average price target of $18.38.

Almonty Industries Price Performance

ALM stock opened at $14.91 on Friday. The company has a market capitalization of $4.18 billion and a P/E ratio of -25.71. The company has a fifty day moving average price of $15.32 and a 200-day moving average price of $10.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.76 and a current ratio of 3.89. Almonty Industries has a 52-week low of $3.16 and a 52-week high of $22.55.

Institutional Investors Weigh In On Almonty Industries

Several large investors have recently modified their holdings of ALM. Van ECK Associates Corp raised its stake in 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 buying an additional 11,155,572 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Almonty Industries during the fourth quarter valued at $25,620,000. Next Century Growth Investors LLC acquired a new stake in Almonty Industries during the 4th quarter worth about $16,345,000. Telemark Asset Management LLC acquired a new stake in Almonty Industries during the 3rd quarter worth about $7,839,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Almonty Industries in the 3rd quarter worth about $7,839,000.

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.