B. Riley raised the firm’s price target on Almonty (ALM) to $23 from $17 and keeps a Buy rating on the shares. Following Q4 results, estimates have been updated to reflect the official commissioning of the Sangdong Tungsten Mine and a sharply improved APT pricing environment, with prices surging to about $2,250/MTU and the long-term deck raised to $800/MTU, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALM:
- Almonty price target raised to $19 from $16 at Oppenheimer
- 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
- 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