70,000 Shares in Almonty Industries Inc. $ALM Purchased by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. purchased a new position in shares of Almonty Industries Inc. (NASDAQ:ALM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 70,000 shares of the company’s stock, valued at approximately $422,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ALM. MCF Advisors LLC acquired a new position in shares of Almonty Industries during the 3rd quarter worth approximately $60,000. Oppenheimer & Co. Inc. purchased a new stake in Almonty Industries in the 3rd quarter worth $66,000. General American Investors Co. Inc. acquired a new position in Almonty Industries during the third quarter worth $246,000. BLB&B Advisors LLC purchased a new position in Almonty Industries during the third quarter valued at $298,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Almonty Industries in the third quarter valued at about $580,000.

Almonty Industries Trading Up 0.1%

Shares of NASDAQ ALM opened at $14.18 on Thursday. The stock has a market cap of $3.73 billion and a PE ratio of -61.65. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.25 and a current ratio of 2.38. Almonty Industries Inc. has a 12-month low of $3.16 and a 12-month high of $14.91. The company’s 50-day simple moving average is $9.75.

Analyst Ratings Changes

Several research firms recently weighed in on ALM. Weiss Ratings restated a “sell (e+)” rating on shares of Almonty Industries in a research report on Monday, December 29th. Wall Street Zen upgraded Almonty Industries from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Oppenheimer raised their target price on Almonty Industries from $7.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, DA Davidson lifted their price target on Almonty Industries from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.17.

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.