Baader Bank Aktiengesellschaft Takes Position in Almonty Industries Inc. $ALM

Baader Bank Aktiengesellschaft acquired a new position in Almonty Industries Inc. (NASDAQ:ALM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 96,175 shares of the company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ALM. Oppenheimer & Co. Inc. acquired a new position in Almonty Industries in the third quarter worth approximately $66,000. MCF Advisors LLC acquired a new stake in shares of Almonty Industries during the 3rd quarter valued at $60,000. Old West Investment Management LLC bought a new stake in shares of Almonty Industries during the 3rd quarter worth $2,148,000. General American Investors Co. Inc. acquired a new position in shares of Almonty Industries in the 3rd quarter worth $246,000. Finally, BLB&B Advisors LLC acquired a new position in shares of Almonty Industries in the 3rd quarter worth $298,000.

Wall Street Analyst Weigh In

ALM has been the subject of a number of recent analyst reports. DA Davidson increased their price target on Almonty Industries from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Almonty Industries in a report on Monday, December 29th. Wall Street Zen raised shares of Almonty Industries from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Oppenheimer upped their price target on shares of Almonty Industries from $7.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Almonty Industries currently has a consensus rating of “Moderate Buy” and an average price target of $12.17.

Almonty Industries Stock Up 0.1%

Almonty Industries stock opened at $14.18 on Thursday. Almonty Industries Inc. has a 12 month low of $3.16 and a 12 month high of $14.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.25 and a current ratio of 2.38. The stock has a market cap of $3.73 billion and a PE ratio of -61.65. The firm’s fifty day moving average is $9.75.

About Almonty Industries

Almonty Industries is a Canada-based mining company focused on the production, development and acquisition of tungsten assets. The company’s principal business activity is the mining and processing of tungsten-bearing ore to produce tungsten concentrates for industrial customers. Almonty pursues both operating mines and advanced-stage development projects with the objective of supplying a critical raw material used in hardmetals, tooling, drilling and other industrial applications.

Almonty’s asset footprint has historically included operating and development projects in Europe and Asia.