DA Davidson Reiterates Buy on Almonty Industries (ALM) as Sangdong Phase I on track

DA Davidson analyst Matt Summerville reiterated a Buy rating and $7.00 price target on Almonty Industries (NYSE: ALM).

The analyst ommented, "After the close, ALM reported 2Q25 sales of $5.2M, with the y/y decline largely driven by the decision to divert personnel to start L4 preparation. Adjusted EBITDA was slightly lower y/y as added costs related to the company’s planned redomicile to the U.S. impacting results. Sangdong Phase I appears to be on track to commence initial production in 4Q25, noting the mines significantly higher head grade will provide an immediate boost in operational results. Our long-term thesis remains intact. BUY/ $7 PT."

For an analyst ratings summary and ratings history on Almonty Industries click here. For more ratings news on Almonty Industries click here.

Shares of Almonty Industries closed at $24.99 yesterday.

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