Almonty Industries (NASDAQ:ALM) Releases Earnings Results, Meets Estimates

Almonty Industries (NASDAQ:ALMGet Free Report) posted its quarterly earnings results on Monday. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01, Zacks reports. Almonty Industries had a negative return on equity of 26.23% and a negative net margin of 496.03%.

Almonty Industries Trading Up 6.3%

ALM opened at $20.92 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.76. Almonty Industries has a fifty-two week low of $3.16 and a fifty-two week high of $24.41. The company’s 50 day moving average price is $19.07 and its two-hundred day moving average price is $12.76. The firm has a market capitalization of $5.92 billion and a price-to-earnings ratio of -36.07.

Institutional Trading of Almonty Industries

Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in Almonty Industries during the 4th quarter worth $35,000. State of Wyoming bought a new position in shares of Almonty Industries during the fourth quarter worth about $41,000. Banque Cantonale Vaudoise acquired a new stake in Almonty Industries during the 3rd quarter valued at approximately $54,000. Deutsche Bank AG bought a new position in Almonty Industries during the 4th quarter worth approximately $79,000. Finally, Scientech Research LLC bought a new position in Almonty Industries during the 3rd quarter worth approximately $75,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALM shares. B. Riley Financial raised their price target on shares of Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Oppenheimer raised their target price on shares of Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Texas Capital upgraded shares of Almonty Industries to a “strong-buy” rating in a report on Thursday, April 16th. Finally, DA Davidson reiterated a “buy” rating and issued a $25.00 price target on shares of Almonty Industries in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Almonty Industries presently has an average rating of “Moderate Buy” and an average target price of $18.38.

View Our Latest Stock Analysis on Almonty Industries

About Almonty Industries

(Get Free Report)

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.

See Also

Receive News & Ratings for Almonty Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almonty Industries and related companies with MarketBeat.com's FREE daily email newsletter.