109,121 Shares in Almonty Industries Inc. $ALM Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of Almonty Industries Inc. (NASDAQ:ALM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 109,121 shares of the company’s stock, valued at approximately $1,806,000.

A number of other large investors have also added to or reduced their stakes in ALM. Banque Cantonale Vaudoise bought a new position in shares of Almonty Industries in the third quarter valued at about $54,000. Van ECK Associates Corp acquired a new position in Almonty Industries in the 3rd quarter valued at $506,000. Mackenzie Financial Corp bought a new stake in Almonty Industries during the third quarter worth about $422,000. Sei Investments Co. bought a new stake in shares of Almonty Industries during the 3rd quarter worth approximately $2,563,000. Finally, Boston Partners acquired a new stake in shares of Almonty Industries in the 3rd quarter valued at $771,000.

Analyst Ratings Changes

ALM has been the topic of a number of research analyst reports. Oppenheimer raised their price target on shares of Almonty Industries from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Weiss Ratings raised Almonty Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. DA Davidson lifted their target price on shares of Almonty Industries from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Jefferies Financial Group started coverage on Almonty Industries in a report on Wednesday, September 2nd. They issued a “buy” rating and a $26.25 target price for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $26.81.

Almonty Industries Stock Performance

Shares of Almonty Industries stock opened at $17.57 on Monday. The company has a quick ratio of 9.51, a current ratio of 9.58 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $15.24 and a 200-day moving average price of $17.35. Almonty Industries Inc. has a 52 week low of $4.10 and a 52 week high of $24.41. The company has a market cap of $5.06 billion, a PE ratio of 109.82 and a beta of 3.75.

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.