Almonty Industries (TSE:AII) Stock Rating Raised to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Almonty Industries (TSE:AII) to a hold rating in a research note issued to investors on Thursday,Zacks reports.

Separately, Jefferies Financial Group upgraded Almonty Industries to a “strong-buy” rating in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Almonty Industries Price Performance

AII stock opened at C$15.51 on Thursday. The firm has a 50 day moving average of C$16.14 and a 200-day moving average of C$22.06. Almonty Industries has a 12-month low of C$4.96 and a 12-month high of C$33.35. The company has a current ratio of 2.45, a quick ratio of 0.11 and a debt-to-equity ratio of 46.54. The company has a market cap of C$4.40 billion, a price-to-earnings ratio of -23.15 and a beta of 2.17.

Almonty Industries Company Profile

Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.