Moody National Bank Trust Division Purchases Shares of 45,588 Almonty Industries Inc. $ALM

Moody National Bank Trust Division acquired a new stake in shares of Almonty Industries Inc. (NASDAQ:ALM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,588 shares of the company’s stock, valued at approximately $402,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marathon Capital Management acquired a new position in Almonty Industries in the third quarter valued at $1,509,000. Telemark Asset Management LLC purchased a new stake in Almonty Industries during the third quarter valued at about $7,839,000. First Eagle Investment Management LLC acquired a new stake in Almonty Industries during the third quarter worth about $543,000. Huntleigh Advisors Inc. acquired a new stake in Almonty Industries during the third quarter worth about $661,000. Finally, Old West Investment Management LLC purchased a new position in shares of Almonty Industries in the 3rd quarter worth about $2,148,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ALM shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Almonty Industries in a research note on Monday, December 29th. B. Riley Financial raised their price target on shares of Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a report on Friday, March 20th. Oppenheimer lifted their price target on shares of Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 price objective on shares of Almonty Industries in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.38.

Almonty Industries Price Performance

ALM opened at $14.68 on Friday. Almonty Industries Inc. has a twelve month low of $3.16 and a twelve month high of $22.55. The firm has a market cap of $4.12 billion and a price-to-earnings ratio of -25.31. The company has a current ratio of 3.89, a quick ratio of 3.76 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $15.20 and a 200 day simple moving average of $9.96.

Almonty Industries Profile

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.