Almonty Industries Inc. (NASDAQ:ALM – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.8750.
ALM has been the topic of a number of recent analyst reports. Texas Capital upgraded shares of Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Oppenheimer upped their price target on Almonty Industries from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. B. Riley Financial increased their price objective on shares of Almonty Industries from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Almonty Industries in a research note on Thursday, June 18th. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Almonty Industries in a research note on Thursday, March 26th.
View Our Latest Analysis on ALM
Institutional Inflows and Outflows
Almonty Industries Stock Performance
Shares of ALM opened at $16.46 on Thursday. The business’s 50 day moving average is $19.56 and its two-hundred day moving average is $15.42. Almonty Industries has a 52-week low of $3.16 and a 52-week high of $24.41. The firm has a market cap of $4.70 billion and a price-to-earnings ratio of -32.92. The company has a quick ratio of 2.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.30.
Almonty Industries (NASDAQ:ALM – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Almonty Industries had a negative return on equity of 11.01% and a negative net margin of 262.29%.The company had revenue of $18.52 million for the quarter, compared to analyst estimates of $15.44 million. Analysts forecast that Almonty Industries will post 0.46 EPS for the current fiscal year.
About Almonty Industries
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.
Featured Stories
- Five stocks we like better than Almonty Industries
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
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.
