B. Riley Has Bullish Estimate for ALM FY2026 Earnings

Almonty Industries Inc. (NASDAQ:ALM) – Equities researchers at B. Riley lifted their FY2026 EPS estimates for Almonty Industries in a research note issued to investors on Tuesday, November 4th. B. Riley analyst N. Giles now anticipates that the company will post earnings of $0.17 per share for the year, up from their prior forecast of $0.15.

ALM has been the topic of a number of other reports. DA Davidson reaffirmed a “buy” rating and set a $11.00 price objective on shares of Almonty Industries in a report on Tuesday, October 28th. Cantor Fitzgerald assumed coverage on Almonty Industries in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $6.50 price target on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Almonty Industries in a research note on Wednesday, October 8th. Finally, Oppenheimer boosted their target price on shares of Almonty Industries from $7.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.83.

Almonty Industries Stock Performance

Shares of Almonty Industries stock opened at $6.20 on Wednesday. The company has a debt-to-equity ratio of 16.37, a quick ratio of 0.63 and a current ratio of 0.77. The company’s 50-day simple moving average is $6.20. Almonty Industries has a twelve month low of $3.16 and a twelve month high of $10.68. The firm has a market cap of $1.39 billion and a price-to-earnings ratio of -18.23.

Almonty Industries (NASDAQ:ALM) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Almonty Industries had a negative return on equity of 104.72% and a negative net margin of 366.52%.The business had revenue of $5.20 million for the quarter, compared to analyst estimates of $5.30 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. General American Investors Co. Inc. acquired a new position in Almonty Industries during the 3rd quarter worth about $246,000. BLB&B Advisors LLC acquired a new position in shares of Almonty Industries during the third quarter worth approximately $298,000. Finally, Huntleigh Advisors Inc. acquired a new position in shares of Almonty Industries during the third quarter worth approximately $661,000.

Almonty Industries Company Profile

Almonty Industries Inc is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc is based in TORONTO.