Diamond Equity Issues Pessimistic Outlook for ALM Earnings

Almonty Industries Inc. (NASDAQ:ALM) – Equities research analysts at Diamond Equity cut their Q1 2026 earnings per share (EPS) estimates for Almonty Industries in a research report issued to clients and investors on Wednesday, March 25th. Diamond Equity analyst H. Diamond now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.04. Diamond Equity also issued estimates for Almonty Industries’ Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.15 EPS, Q4 2026 earnings at $0.19 EPS, FY2026 earnings at $0.45 EPS, Q1 2027 earnings at $0.21 EPS, Q2 2027 earnings at $0.23 EPS, Q3 2027 earnings at $0.26 EPS and Q4 2027 earnings at $0.33 EPS.

ALM has been the subject of a number of other reports. Oppenheimer lifted their target price on shares of Almonty Industries from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Almonty Industries in a report on Monday, December 29th. DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Almonty Industries in a research note on Thursday, March 26th. Finally, B. Riley Financial boosted their price objective on shares of Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a report on Friday, March 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.38.

Almonty Industries Stock Performance

ALM opened at $13.77 on Monday. The company has a market cap of $3.86 billion and a P/E ratio of -23.74. The company has a quick ratio of 3.76, a current ratio of 3.89 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $15.42 and its 200-day moving average price is $10.18. Almonty Industries has a 52-week low of $3.16 and a 52-week high of $22.55.

Institutional Investors Weigh In On Almonty Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in Almonty Industries by 13,294.7% in the fourth quarter. Van ECK Associates Corp now owns 11,239,482 shares of the company’s stock valued at $99,013,000 after buying an additional 11,155,572 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in Almonty Industries during the 4th quarter worth approximately $25,620,000. Next Century Growth Investors LLC acquired a new stake in Almonty Industries during the 4th quarter valued at approximately $16,345,000. Telemark Asset Management LLC acquired a new stake in Almonty Industries during the 3rd quarter valued at approximately $7,839,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Almonty Industries in the 3rd quarter valued at $7,839,000.

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.