
ALM Stock Forecast & Price Target
ALM Analyst Ratings
Bulls say
Almonty Industries Inc. is positively positioned as tungsten prices have surged by 146% year-to-date, influenced by supply restrictions and increased demand stemming from Chinese export constraints. The company’s revenue and EBITDA projections have been revised upward in light of the significant price hikes, with tungsten pricing surpassing $674 per metric ton unit, reflecting a 68% increase since August. Additionally, continued tight supply coupled with strong demand signals a favorable outlook for Almonty's operational performance and financial growth in the upcoming years.
Bears say
Almonty Industries Inc. has experienced a downward revision in both revenue and adjusted EBITDA estimates for 2026, decreasing from $150 million and $100 million to $120 million and $75 million, respectively, primarily due to a delay in the ramp-up of the Sangdong Phase I project. The company's revenue and adjusted EBITDA quarterly estimates for 4Q25/2025 have been similarly reduced from $27 million and $44 million to $9 million and $26 million, reflecting ongoing operational challenges and negative cash flow from operating activities. Additionally, the tightening of tungsten supply quotas in China, alongside fluctuating commodity prices, adds further uncertainty and pressure on Almonty's financial performance in a competitive market landscape.
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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