Almonty Industries Inc. $ALM Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its stake in shares of Almonty Industries Inc. (NASDAQ:ALM) by 34.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 574,432 shares of the company’s stock after selling 305,615 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.22% of Almonty Industries worth $5,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ALM. Marathon Capital Management acquired a new stake in Almonty Industries during the 3rd quarter valued at $1,509,000. First Eagle Investment Management LLC acquired a new stake in Almonty Industries during the 3rd quarter valued at $543,000. Telemark Asset Management LLC acquired a new stake in Almonty Industries during the 3rd quarter valued at $7,839,000. Old West Investment Management LLC acquired a new stake in Almonty Industries during the 3rd quarter valued at $2,148,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Almonty Industries during the 3rd quarter valued at $580,000.

Almonty Industries Stock Performance

NASDAQ:ALM opened at $19.05 on Tuesday. Almonty Industries Inc. has a 12-month low of $3.16 and a 12-month high of $24.41. The company has a quick ratio of 2.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $5.41 billion and a PE ratio of -38.10. The firm has a 50-day moving average price of $18.93 and a 200 day moving average price of $14.03.

Almonty Industries (NASDAQ:ALM) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $15.44 million. Almonty Industries had a negative net margin of 262.29% and a negative return on equity of 11.01%. Research analysts anticipate that Almonty Industries Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ALM shares. Texas Capital raised shares of Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Oppenheimer upped their price target on shares of 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 upped their price target on shares of Almonty Industries from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Almonty Industries in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Almonty Industries presently has a consensus rating of “Moderate Buy” and an average target price of $18.38.

Almonty Industries Company 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.