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Almonty Industries ( (TSE:AII) ) has shared an update.
Almonty Industries has appointed veteran financial executive Guillaume Wiesenbach de Lamaziere as Chief Development Officer to lead its corporate development strategy as the company ramps up mining operations at its Sangdong Tungsten Mine in South Korea. With more than 30 years of experience in banking and asset management, including senior CEO, CFO and COO roles at AIG Asset Management Europe and Banque AIG where he managed complex cross-border restructurings and large asset portfolios, Wiesenbach de Lamaziere is expected to bolster Almonty’s governance, capital allocation and strategic expansion. His appointment comes as Almonty advances its Sangdong and Panasqueira mines and accelerates development of projects in South Korea and the United States, underscoring the company’s efforts to leverage its balance sheet and strengthen its position as a key non-Chinese supplier of tungsten to defence and technology markets.
The most recent analyst rating on (TSE:AII) stock is a Hold with a C$11.50 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 financial challenges, including high leverage and negative profitability, which weigh heavily on the score. While technical analysis shows bullish momentum, the negative P/E ratio and lack of dividend yield limit the stock’s valuation appeal.
To see Spark’s full report on TSE:AII stock, click here.
More about Almonty Industries
Almonty Industries is a leading global producer and supplier of conflict-free tungsten, a strategic metal critical to the defence and advanced technology sectors. Its flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to account for a major share of global non-China tungsten output once at full capacity. With established operations in Portugal and additional projects in the United States and Spain, the company is positioned to serve rapidly rising demand from Western allies seeking to strengthen supply-chain security and defence readiness amid geopolitical tensions and Chinese export restrictions.
Average Trading Volume: 787,675
Technical Sentiment Signal: Buy
Current Market Cap: C$3.04B
For an in-depth examination of AII stock, go to TipRanks’ Overview page.