Almonty Industries (NASDAQ:ALM) Price Target Raised to $23.00 at B. Riley Financial

Almonty Industries (NASDAQ:ALM) had its target price lifted by B. Riley Financial from $17.00 to $23.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

ALM has been the topic of several other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Almonty Industries in a research note on Monday, December 29th. Oppenheimer boosted their price target on shares of Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Almonty Industries in a report on Friday. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.38.

Almonty Industries Price Performance

ALM stock opened at $16.20 on Friday. The firm has a 50 day moving average of $14.67 and a 200-day moving average of $9.64. The company has a current ratio of 2.38, a quick ratio of 2.25 and a debt-to-equity ratio of 1.02. Almonty Industries has a 12 month low of $3.16 and a 12 month high of $22.55. The firm has a market capitalization of $4.54 billion and a P/E ratio of -27.93.

Hedge Funds Weigh In On Almonty Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its position in shares of Almonty Industries by 30.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Almonty Industries by 59.1% during the 4th quarter. Mackenzie Financial Corp now owns 111,224 shares of the company’s stock valued at $982,000 after buying an additional 41,331 shares in the last quarter. Quadrature Capital Ltd lifted its position in Almonty Industries by 35.0% in the 4th quarter. Quadrature Capital Ltd now owns 108,069 shares of the company’s stock worth $952,000 after buying an additional 27,993 shares during the last quarter. Man Group plc purchased a new stake in Almonty Industries in the fourth quarter worth approximately $1,510,000. Finally, Manatuck Hill Partners LLC purchased a new stake in Almonty Industries in the fourth quarter worth approximately $1,762,000.

Almonty Industries News Roundup

Here are the key news stories impacting Almonty Industries this week:

• Positive Sentiment: Sangdong mine back in production after 30 years — Almonty restarted high‑grade tungsten mining at the Sangdong site in South Korea, a key supply-side catalyst that moves the company from development to active mining and supports future concentrate volumes. Almonty’s high-grade South Korea tungsten mine resumes after 30 years
• Positive Sentiment: First ore delivered & rising tungsten prices — Company announced first ore delivered to the Sangdong ROM pad and Business Wire/Financial Post noted a sharp rise in tungsten (APT) pricing (TTM APT up ~534% YoY to ~US$2,250/MTU), which should materially improve revenue and margins as production ramps. Almonty Industries Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Multiple analyst upgrades and higher price targets — B. Riley raised its target to $23 (buy), Oppenheimer raised to $19 (outperform) and DA Davidson reaffirmed buy with a $25 target; these upgrades signal analyst confidence in upside as production and pricing improve. B. Riley raises price target for Almonty Analyst coverage (Benzinga)
• Neutral Sentiment: Loan amendments announced for the US$75.1M Korea Tungsten loan — Almonty disclosed a series of amendments (details in the company announcement); such restructurings can provide financing flexibility but the net impact depends on terms. Almonty Industries Reports Series of Amendments to US$75.1 Million Korea Tungsten Loan
• Neutral Sentiment: Short‑interest reporting appears unreliable — recent short‑interest posts show zeros/NaN and an implausible days‑to‑cover of 0.0 days; treat these data points cautiously until clarified by exchanges or the company.
• Negative Sentiment: Quarterly earnings missed expectations — Almonty reported EPS of ($0.43) vs consensus ($0.01) and revenue below estimates (reported ~$6.25M vs est ~$10.13M), with very negative margins. This miss likely pressured the stock near term despite operational progress (source: earnings release/market summary).

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.