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An update from Almonty Industries ( (TSE:AII) ) is now available.
Almonty Industries has acquired the Gentung Browns Lake Tungsten Project in Montana, marking its entry into the U.S. market. This acquisition enhances the U.S. domestic tungsten supply, aligning with government initiatives to reduce reliance on Chinese sources. The project positions Almonty as a key supplier for critical industries, including defense and aerospace, and supports its strategy to establish a Western-based tungsten platform. The move is expected to create new industrial partnerships and technological collaborations, reinforcing Almonty’s role in securing resilient supply chains for critical minerals.
The most recent analyst rating on (TSE:AII) stock is a Buy with a C$12.00 price target. To see the full list of analyst forecasts on Almonty Industries stock, see the TSE:AII Stock Forecast page.
Spark’s Take on TSE:AII Stock
According to Spark, TipRanks’ AI Analyst, TSE:AII is a Neutral.
Almonty Industries’ overall stock score is primarily impacted by its weak financial performance, characterized by significant losses and high leverage. Technical analysis provides a mixed view, with some positive momentum indicators but overall weak sentiment. Valuation metrics are unfavorable due to the negative P/E ratio and lack of dividend yield, further weighing down the score.
To see Spark’s full report on TSE:AII stock, click here.
More about Almonty Industries
Almonty Industries Inc. is a leading global producer of tungsten concentrate, supplying conflict-free tungsten critical to the defense and advanced technology sectors. The company operates the Sangdong Mine in South Korea, which is expected to supply a significant portion of global non-China tungsten production. Almonty also has established operations in Portugal and projects in Spain, aligning with Western allies to ensure supply-chain security and defense readiness.
Average Trading Volume: 515,607
Technical Sentiment Signal: Buy
Current Market Cap: C$2.14B
For detailed information about AII stock, go to TipRanks’ Stock Analysis page.