Almonty Industries (NASDAQ:ALM) Trading Down 5.2% – Here’s Why

Posted by Stanley Muller on Sep 2nd, 2026

Almonty Industries Inc. (NASDAQ:ALM – Get Free Report) shares dropped 5.2% during trading on Wednesday . The stock traded as low as $16.82 and last traded at $16.7290. Approximately 2,128,170 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 5,649,621 shares. The stock had previously closed at $17.64.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALM shares. DA Davidson increased their target price on Almonty Industries from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Oppenheimer lifted their target price on Almonty Industries from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group started coverage on shares of Almonty Industries in a report on Wednesday. They issued a “buy” rating and a $26.25 price objective for the company. Finally, Weiss Ratings upgraded shares of Almonty Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Almonty Industries currently has an average rating of “Buy” and a consensus price target of $26.81.

View Our Latest Stock Analysis on Almonty Industries

Almonty Industries Stock Performance

The company has a 50 day simple moving average of $15.16 and a 200-day simple moving average of $17.26. The company has a debt-to-equity ratio of 1.37, a current ratio of 9.58 and a quick ratio of 9.51. The stock has a market cap of $4.91 billion, a P/E ratio of 106.37 and a beta of 3.73.

Institutional Trading of Almonty Industries

A number of hedge funds and other institutional investors have recently modified their holdings of ALM. Rockefeller Capital Management L.P. grew its holdings in Almonty Industries by 30.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. Leonteq Securities AG purchased a new position in Almonty Industries during the first quarter valued at $29,000. Pin Oak Investment Advisors Inc. purchased a new position in Almonty Industries during the second quarter valued at $53,000. Nykredit A S purchased a new stake in Almonty Industries in the second quarter worth about $58,000. Finally, Global Retirement Partners LLC bought a new position in shares of Almonty Industries in the fourth quarter worth about $35,000.

Almonty Industries Company Profile

(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.