Alliance Global analyst Jake Sekelsky raised the firm’s price target on Almonty (ALM) to $19.25 from $14 and keeps a Buy rating on the shares. Almonty’s 2025 results modestly missed expectations due to softer volumes at the Panasqueira mine in Portugal, but Phase 1 commissioning at the flagship Sangdong mine in South Korea marks a key inflection point expected to drive transformational growth in 2026, the analyst tells investors in a research note. With Sangdong poised to lift consolidated production roughly fourfold and additional development planned at the Gunteng Browns project in Montana, Almonty remains viewed as a leading vehicle for tungsten exposure, the firm says.
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Read More on ALM:
- Almonty Industries Reports Series of Amendments to US$75.1 Million Korea Tungsten Loan
- Almonty Industries Posts 2025 Results as Sangdong Mine Enters Active Production Phase
- Almonty reports Q4 revenue C$8.7M vs. C$5.3M last year
- Almonty Brings South Korea’s Sangdong Tungsten Mine Back Online With Phase 1 Completion
- Almonty completes Phase 1 commissioning at Sangdong Tungsten Mine