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

Banque Cantonale Vaudoise boosted its stake in Almonty Industries Inc. (NASDAQ:ALM) by 339.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 39,100 shares of the company’s stock after acquiring an additional 30,200 shares during the period. Banque Cantonale Vaudoise’s holdings in Almonty Industries were worth $344,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in Almonty Industries in the third quarter valued at approximately $30,000. MCF Advisors LLC bought a new stake in Almonty Industries in the third quarter valued at approximately $60,000. Oppenheimer & Co. Inc. bought a new stake in Almonty Industries in the third quarter valued at approximately $66,000. Scientech Research LLC bought a new stake in Almonty Industries in the third quarter valued at approximately $75,000. Finally, Fifth Lane Capital LP bought a new stake in Almonty Industries in the third quarter valued at approximately $75,000.

Almonty Industries Price Performance

Shares of ALM opened at $18.66 on Friday. Almonty Industries Inc. has a 52-week low of $3.16 and a 52-week high of $24.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.37 and a current ratio of 2.45. The business’s 50 day moving average price is $18.83 and its two-hundred day moving average price is $13.43. The firm has a market cap of $5.29 billion and a PE ratio of -37.32.

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

Analyst Ratings Changes

Several brokerages recently commented on ALM. Oppenheimer upped their target price on Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, March 20th. B. Riley Financial upped their target price on Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a report on Friday, March 20th. DA Davidson reiterated a “buy” rating and issued a $25.00 target price on shares of Almonty Industries in a report on Thursday, March 26th. Finally, Texas Capital upgraded Almonty Industries to a “strong-buy” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.38.

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.