Almonty Industries (NASDAQ:ALM) Shares Gap Down – Should You Sell?

Almonty Industries Inc. (NASDAQ:ALM)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $13.62, but opened at $12.97. Almonty Industries shares last traded at $12.6860, with a volume of 734,360 shares.

Trending Headlines about Almonty Industries

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

• Positive Sentiment: Stifel initiated coverage with a Buy rating and a $25 price target, implying substantial upside from recent trading levels. The firm cited Almonty’s Western tungsten expansion and potential production growth. Stifel starts Almonty with $25 price target on Western tungsten expansion
• Positive Sentiment: Certification of Almonty’s Korean plant is supporting the bullish case by advancing the facility toward commercial operations. Investors are also focused on a Rwanda partnership and a Spanish offtake agreement, which could broaden the company’s tungsten supply and sales network. Almonty’s Dual Momentum
• Positive Sentiment: The board’s reported backing of a $300 million share buyback could provide support for the stock, signal confidence in intrinsic value and reduce the number of shares outstanding if implemented. Almonty’s Board Backs $300 Million Buyback
• Positive Sentiment: Coverage highlighting Almonty as a potential breakout stock reflects investor interest in rising tungsten demand and the company’s three-continent development strategy. Is Almonty Industries the Next Big Breakout Stock?
• Neutral Sentiment: Short-interest data showed no reported short position as of September 24, leaving little evidence of an imminent short squeeze but also indicating limited bearish positioning.
• Neutral Sentiment: Goldman Sachs initiated coverage with a Hold rating and a $13 price target, contrasting with Stifel’s bullish view and suggesting the stock may already reflect much of its near-term potential. Almonty Industries Receives a Hold from Goldman Sachs
• Negative Sentiment: Shares recently fell as Sangdong entered its sales phase, suggesting a possible “sell-the-news” reaction or concerns about execution, ramp-up timing and the company’s elevated valuation. Almonty Industries stock falls as Sangdong enters sales phase

Analyst Ratings Changes

Several brokerages recently commented on ALM. Weiss Ratings upgraded Almonty Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. DA Davidson restated a “buy” rating and issued a $33.00 price objective on shares of Almonty Industries in a report on Tuesday, September 15th. Stifel Nicolaus began coverage on shares of Almonty Industries in a research note on Friday. They set a “buy” rating and a $25.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Almonty Industries in a research note on Thursday. They set a “hold” rating and a $13.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of Almonty Industries in a report on Wednesday, September 2nd. They set a “buy” rating and a $26.25 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Almonty Industries currently has a consensus rating of “Moderate Buy” and an average price target of $24.21.

Almonty Industries Trading Up 10.6%

The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 85.76 and a beta of 3.75. The company has a fifty day moving average price of $15.17 and a two-hundred day moving average price of $17.13. The company has a current ratio of 9.58, a quick ratio of 9.51 and a debt-to-equity ratio of 1.37.

Hedge Funds Weigh In On Almonty Industries

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its stake in Almonty Industries by 30.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,333 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Almonty Industries in the 1st quarter worth $29,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Almonty Industries during the 2nd quarter worth $53,000. Nykredit A S purchased a new position in shares of Almonty Industries during the 2nd quarter worth $58,000. Finally, MCF Advisors LLC boosted its position in shares of Almonty Industries by 40.8% during the 4th quarter. MCF Advisors LLC now owns 14,084 shares of the company’s stock valued at $124,000 after acquiring an additional 4,084 shares during the last quarter.

Almonty Industries Company Profile

Almonty Industries Inc is a mining and development company focused primarily on tungsten, a specialty metal used in industrial, technology, energy, automotive, aerospace and defense applications. The company’s activities include the exploration, development, operation and redevelopment of tungsten-mining projects, as well as the production of tungsten concentrates.

Almonty’s principal assets include the Sangdong Tungsten Project in South Korea, one of the company’s key development projects, and the Panasqueira tungsten mine in Portugal, a producing operation with a long operating history.