Almonty Industries (NASDAQ:ALM) Shares Gap Up – What’s Next?

Posted by Francis Steltz on Aug 17th, 2026

Almonty Industries Inc. (NASDAQ:ALM – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $15.09, but opened at $16.20. Almonty Industries shares last traded at $16.4160, with a volume of 3,712,454 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ALM shares. Weiss Ratings raised Almonty Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday. Oppenheimer lifted their price target on Almonty Industries from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, DA Davidson boosted their price target on Almonty Industries from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Almonty Industries currently has a consensus rating of “Buy” and an average price target of $27.00.

Check Out Our Latest Stock Analysis on Almonty Industries

Almonty Industries Stock Up 9.8%

The company has a market cap of $4.77 billion and a PE ratio of 103.38. The business has a 50-day simple moving average of $15.15 and a 200-day simple moving average of $16.85. The company has a quick ratio of 9.51, a current ratio of 9.58 and a debt-to-equity ratio of 1.37.

Institutional Investors Weigh In On Almonty Industries

Hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise acquired a new stake in shares of Almonty Industries in the third quarter valued at approximately $54,000. Van ECK Associates Corp acquired a new position in Almonty Industries during the third quarter worth $506,000. Mackenzie Financial Corp purchased a new stake in Almonty Industries in the 3rd quarter valued at $422,000. Sei Investments Co. purchased a new stake in Almonty Industries in the 3rd quarter valued at $2,563,000. Finally, Boston Partners acquired a new stake in shares of Almonty Industries in the 3rd quarter worth $771,000.

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.