
ALM Stock Forecast & Price Target
ALM Analyst Ratings
Bulls say
Almonty Industries Inc. is poised for favorable financial performance driven by a significant increase in tungsten prices, which have surged by 146% year-to-date, primarily due to supply constraints exacerbated by Chinese export restrictions. The company's revenue and adjusted EBITDA projections have been revised upward, with forecasts reflecting ongoing robust demand and tight supply conditions that have led to historic high pricing levels for tungsten. The positive market dynamics, including a 39% rise in tungsten prices since the initiation of coverage in early August, signal substantial potential for revenue growth and enhanced financial metrics in the coming years.
Bears say
Almonty Industries Inc. has lowered its revenue and adjusted EBITDA estimates for 2026 to $120 million and $75 million, respectively, reflecting delayed ramp-up assumptions for the Sangdong Phase I project. Additionally, the company faces challenges due to zero exports of APT amid rising tungsten prices in China and has revised its 4Q25/2025 revenue and adjusted EBITDA estimates downward to $9 million and $26 million, respectively. Furthermore, the company has reported negative cash flow from operating activities for the financial year 2024 and the first quarter of 2025, raising concerns about its financial sustainability.
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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