Almonty Industries’ (ALM) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Almonty Industries (NASDAQ:ALM) in a report issued on Wednesday,Weiss Ratings reports.

A number of other analysts also recently commented on ALM. Cantor Fitzgerald initiated coverage on Almonty Industries in a research report on Wednesday, August 13th. They set an “overweight” rating and a $6.50 price target for the company. DA Davidson lifted their price target on Almonty Industries from $7.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.75.

Almonty Industries Trading Down 1.0%

Shares of ALM opened at $7.75 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 16.37. The stock has a market capitalization of $1.68 billion and a P/E ratio of -22.79. The firm’s 50 day simple moving average is $5.18. Almonty Industries has a 12 month low of $3.16 and a 12 month high of $8.08.

Almonty Industries (NASDAQ:ALM) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The business had revenue of $5.20 million for the quarter, compared to analysts’ expectations of $5.30 million. Almonty Industries had a negative net margin of 366.52% and a negative return on equity of 104.72%.

About Almonty Industries

Almonty Industries Inc is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc is based in TORONTO.