DA Davidson Reiterates Buy Rating on Almonty Industries (ALM)

DA Davidson analyst Matt Summerville reiterated a Buy rating and $12.00 price target on Almonty Industries (NASDAQ: ALM).

The analyst commented, "Recently, on multiple occasions, we hosted in-person/virtual meetings with ALM leaders, including Lewis Black (Chairman/CEO) and Brian Fox (CFO) and came away with our overall positive thesis on the name well intact, informed by initial Sangdong commissioning (despite some small delays) amid record tungsten pricing and a further capital raise, the latter providing add'l optionality for multiple future projects. With the Sangdong ramp now effectively slated for 1Q26, we adjust or model accordingly though leave plenty of potential upside should spot prices sustain here."

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 $8.35 yesterday.

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