
ALM Stock Forecast & Price Target
ALM Analyst Ratings
Bulls say
Almonty Industries Inc. is positioned favorably due to the significant rise in tungsten prices, which have more than doubled year-to-date, reaching approximately $674 per Metric Ton Unit, spurred by tight supply and robust global demand linked to China's export restrictions. The company's revenue and adjusted EBITDA projections for the coming years have increased in tandem with this positive price outlook, indicating strong financial health and growth potential. Additionally, Almonty's strategic development of the Sangdong tungsten mine is expected to enhance its production capabilities, positioning the company as a leading supplier of conflict-free tungsten, potentially exceeding the annual output of current competitors.
Bears say
Almonty Industries Inc. faces a negative outlook primarily due to generating negative cash flow from operating activities in both the financial year 2024 and the first quarter of 2025, which raises concerns about its financial health and ability to service debt. Compounding this issue, the recent reduction in China's tungsten mining quota by 6.5% for 2025 is expected to decrease global tungsten supply, further tightening commodity availability and placing upward pressure on prices, which may not benefit Almonty as it grapples with operational inefficiencies. Additionally, external factors such as significant currency fluctuations and disruptions like the flooding in Northern Vietnam, which affects regional tungsten supplies, weigh heavily on the company's performance and market stability.
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
Start investing in ALM
Order type
Buy in
Order amount
Est. shares
0 shares