Texas Capital last night initiated coverage of Almonty (ALM) with a Buy rating and $25 price target implying 17% upside. Almonty is a tungsten producer that operates an “extensive” portfolio of mining assets in Portugal, South Korea, Spain, and the U.S., the analyst tells investors in a research note. The firm believes the company is “on the cusp of a material step up” in earnings potential, with an expanding portfolio that offers “significant leverage to rising tungsten pricing.”
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Read More on ALM:
- Almonty initiated with a Buy at Texas Capital
- Almonty Moves Headquarters to Montana to Cement Role in U.S. Tungsten Supply
- Almonty announces relocation of its headquarters to Dillon, Montana, U.S.
- Almonty Narrows Path to Production at Sangdong as Tungsten Surge Lifts Revenue but Accounting Charge Swings 2025 to Deep Loss
- Almonty price target raised to $23 from $17 at B. Riley