Banque Cantonale Vaudoise Buys 30,200 Shares of Almonty Industries Inc. $ALM

Banque Cantonale Vaudoise increased its stake in Almonty Industries Inc. (NASDAQ:ALM) by 339.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,100 shares of the company’s stock after purchasing an additional 30,200 shares during the period. Banque Cantonale Vaudoise’s holdings in Almonty Industries were worth $344,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of Almonty Industries in the third quarter worth $30,000. MCF Advisors LLC bought a new position in Almonty Industries in the third quarter valued at about $60,000. Oppenheimer & Co. Inc. acquired a new position in Almonty Industries during the third quarter worth about $66,000. Fifth Lane Capital LP acquired a new position in Almonty Industries during the third quarter worth about $75,000. Finally, Scientech Research LLC acquired a new position in Almonty Industries during the third quarter worth about $75,000.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Oppenheimer boosted their target price on Almonty Industries from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. B. Riley Financial boosted their target price on Almonty Industries from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Texas Capital raised Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Finally, DA Davidson reissued a “buy” rating and set a $25.00 target price on shares of Almonty Industries in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Almonty Industries has a consensus rating of “Moderate Buy” and a consensus price target of $18.38.

Almonty Industries Stock Performance

NASDAQ:ALM opened at $18.66 on Friday. The stock has a market cap of $5.29 billion and a P/E ratio of -37.32. The company has a current ratio of 2.45, a quick ratio of 2.37 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average is $18.83 and its 200-day moving average is $13.43. Almonty Industries Inc. has a 1-year low of $3.16 and a 1-year high of $24.41.

Almonty Industries (NASDAQ:ALM) last released its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $18.52 million for the quarter, compared to analysts’ expectations of $15.44 million. Almonty Industries had a negative return on equity of 11.01% and a negative net margin of 262.29%. Equities research analysts anticipate that Almonty Industries Inc. will post 0.6 earnings per share for the current year.

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.