Encompass Capital Advisors LLC Purchases New Stake in Almonty Industries Inc. $ALM

Posted by Francis Steltz on Jun 18th, 2026

Encompass Capital Advisors LLC acquired a new stake in shares of Almonty Industries Inc. (NASDAQ:ALM – Free Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,908,033 shares of the company’s stock, valued at approximately $25,620,000.

Other hedge funds have also added to or reduced their stakes in the company. Marathon Capital Management purchased a new position in Almonty Industries during the 3rd quarter valued at $1,509,000. First Eagle Investment Management LLC purchased a new stake in Almonty Industries during the 3rd quarter valued at about $543,000. Telemark Asset Management LLC bought a new position in Almonty Industries during the 3rd quarter valued at about $7,839,000. TD Asset Management Inc bought a new position in Almonty Industries during the 3rd quarter valued at about $913,000. Finally, Benin Management CORP bought a new position in Almonty Industries during the 4th quarter valued at about $1,068,000.

Almonty Industries Trading Down 1.6%

ALM stock opened at $18.28 on Thursday. The firm has a fifty day moving average price of $19.54 and a 200 day moving average price of $15.02. Almonty Industries Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $24.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.37 and a current ratio of 2.45. The firm has a market cap of $5.22 billion and a PE ratio of -36.56.

Almonty Industries (NASDAQ:ALM – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Almonty Industries had a negative net margin of 262.29% and a negative return on equity of 11.01%. The firm had revenue of $18.52 million during the quarter, compared to analyst estimates of $15.44 million. Sell-side analysts anticipate that Almonty Industries Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ALM shares. Texas Capital upgraded shares of Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Oppenheimer raised their target price on shares of Almonty Industries from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Almonty Industries in a report on Thursday, March 26th. Finally, B. Riley Financial increased their price objective on shares of Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.88.

Get Our Latest Report on ALM

Almonty Industries Profile

(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.