Royce & Associates LP bought a new position in Almonty Industries Inc. (NASDAQ:ALM – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 835,000 shares of the company’s stock, valued at approximately $7,356,000. Royce & Associates LP owned about 0.32% of Almonty Industries at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Marathon Capital Management purchased a new position in shares of Almonty Industries in the third quarter valued at $1,509,000. First Eagle Investment Management LLC purchased a new position in shares of Almonty Industries in the third quarter valued at $543,000. Telemark Asset Management LLC purchased a new position in shares of Almonty Industries in the third quarter valued at $7,839,000. Old West Investment Management LLC purchased a new position in shares of Almonty Industries in the third quarter valued at $2,148,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Almonty Industries in the third quarter valued at $580,000.
Almonty Industries Price Performance
NASDAQ:ALM opened at $20.70 on Friday. The firm has a market capitalization of $5.87 billion and a price-to-earnings ratio of -41.40. Almonty Industries Inc. has a 52-week low of $3.16 and a 52-week high of $24.41. The stock has a fifty day moving average of $18.86 and a 200 day moving average of $13.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.37 and a current ratio of 2.45.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Oppenheimer lifted their price target on 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 Almonty Industries to a “strong-buy” rating in a research report on Thursday, April 16th. DA Davidson reiterated a “buy” rating and issued a $25.00 price target on shares of Almonty Industries in a research report on Thursday, March 26th. Finally, B. Riley Financial lifted their price target on Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Almonty Industries has an average rating of “Moderate Buy” and an average target price of $18.38.
View Our Latest Analysis on Almonty Industries
Almonty Industries Profile
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.
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