UBS Group AG Acquires 174,919 Shares of Almonty Industries Inc. $ALM

UBS Group AG lifted its holdings in shares of Almonty Industries Inc. (NASDAQ:ALM) by 239.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,830 shares of the company’s stock after acquiring an additional 174,919 shares during the quarter. UBS Group AG owned approximately 0.09% of Almonty Industries worth $2,183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Serenus Wealth Advisors LLC boosted its stake in shares of Almonty Industries by 11.0% during the 4th quarter. Serenus Wealth Advisors LLC now owns 22,200 shares of the company’s stock worth $196,000 after acquiring an additional 2,200 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Almonty Industries during the 3rd quarter worth approximately $30,000. Huntleigh Advisors Inc. boosted its stake in shares of Almonty Industries by 6.3% during the 4th quarter. Huntleigh Advisors Inc. now owns 116,606 shares of the company’s stock worth $1,027,000 after acquiring an additional 6,910 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Almonty Industries during the 3rd quarter worth approximately $54,000. Finally, MCF Advisors LLC bought a new position in shares of Almonty Industries during the 3rd quarter worth approximately $60,000.

Analyst Ratings Changes

Several brokerages have recently commented on ALM. DA Davidson reiterated a “buy” rating and set a $25.00 target price on shares of Almonty Industries in a research note on Thursday, March 26th. Texas Capital upgraded Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Oppenheimer lifted their target price on Almonty Industries from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Finally, B. Riley Financial lifted their target price on Almonty Industries from $17.00 to $23.00 and gave the stock a “buy” rating in a research note 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 issued a Sell rating to the company. According to data from MarketBeat.com, Almonty Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.38.

Almonty Industries Stock Performance

ALM opened at $20.33 on Thursday. The business has a fifty day simple moving average of $18.80 and a 200 day simple moving average of $13.76. The company has a market capitalization of $5.77 billion and a PE ratio of -40.66. Almonty Industries Inc. has a 1 year low of $3.16 and a 1 year high of $24.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.37.

Almonty Industries (NASDAQ:ALM) last released its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $18.52 million during the quarter, compared to the consensus estimate of $15.44 million. Almonty Industries had a negative return on equity of 11.01% and a negative net margin of 262.29%. Research analysts expect that Almonty Industries Inc. will post 0.6 EPS for the current year.

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.