
ALM Stock Forecast & Price Target
ALM Analyst Ratings
Bulls say
Almonty Industries Inc. benefits from a significant 21% increase in tungsten prices since mid-November, with a year-to-date rise of 146%, largely driven by supply constraints from Chinese export restrictions. The company's projections for revenue and adjusted EBITDA for the coming years have been revised upward in light of favorable pricing trends, which have resulted in record-high tungsten prices. Overall, robust demand coupled with a tight supply environment is expected to deliver substantial financial upside for Almonty, underpinning a positive outlook for the stock.
Bears say
Almonty Industries Inc. has revised its revenue and adjusted EBITDA estimates downwards for 2026, now projecting $120 million and $75 million respectively, reflecting delays in the ramp-up of its Sangdong Mine project. Additionally, the company's 4Q25 and 2025 estimates have also been reduced significantly, driven by timing issues associated with the Sangdong Phase I while still benefiting partially from higher average selling prices from the Panasqueira mine. Furthermore, Almonty is facing ongoing financial strain, as evidenced by its negative cash flow from operating activities in both the 2024 fiscal year and the first quarter of 2025, which raises concerns regarding its operational viability.
This aggregate rating is based on analysts' research of Almonty Industries Inc and is not a guaranteed prediction by Public.com or investment advice.
ALM Analyst Forecast & Price Prediction
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