Oppenheimer raised the firm’s price target on Almonty (ALM) to $19 from $16 and keeps an Outperform rating on the shares following quarterly results. On March 16, Almonty announced the completion of Phase 1 commissioning at its Sangdong Mine, with the processing plant designed to handle about 640K tons of ore annually, the firm adds.
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Read More on ALM:
- Almonty price target raised to $19.25 from $14 at Alliance Global
- Almonty Industries: Near-Term Earnings Miss Overshadowed by Strategic Growth in Western Tungsten and Strengthened Balance Sheet
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- Almonty Industries Posts 2025 Results as Sangdong Mine Enters Active Production Phase
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