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Stock impact report

Why Street Appears Bullish on Almonty Industries (ALM) [Yahoo! Finance]

Almonty Industries Inc. - Common Shares (ALM) 
Company Research Source: Yahoo! Finance
Riley lifted the price target on Almonty Industries Inc. (NASDAQ:ALM) to $23 from $17 and maintained a Buy rating. Forecasts have been revised to better reflect the Sangdong Tungsten Mine commissioning and an improved APT pricing backdrop after the fourth-quarter earnings report, the analyst said, adding that the prices climbed to nearly $2,250/MTU and the long-term deck increased to $800/MTU. On the same day, Oppenheimer also elevated the price target on Almonty Industries Inc. (NASDAQ:ALM) from $16 to $19 and reiterated an Outperform rating after Q4 results. Back on March 16, the company announced the successful completion of Phase 1 commissioning at its Sangdong Mine. The processing plan has an annual capacity of approximately 640K tons of ore, the firm said. According to Alliance Global, Almonty Industries Inc. (NASDAQ:ALM) is the “primary avenue for investors to gain exposure to tungsten prices going forward,” as it is the leader in the tungsten market. The firm boosted the p Show less Read more
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