
ALM Stock Forecast & Price Target
ALM Analyst Ratings
Bulls say
Almonty Industries Inc. is experiencing a favorable outlook due to a significant increase in tungsten prices, which have surged by 146% year-to-date and 21% since the last report, driven by a tight supply-demand imbalance exacerbated by Chinese export restrictions. The company's revenue and adjusted EBITDA projections have been positively revised as tungsten pricing has consistently reached historic highs, notably exceeding $674 per Metric Ton Unit, with continued upward momentum anticipated based on global demand and localized pricing dynamics. The favorable trends in pricing and demand, coupled with adjustments to financial estimates for the upcoming years, indicate robust growth potential for Almonty Industries in the tungsten market.
Bears say
Almonty Industries Inc. has revised its revenue and adjusted EBITDA estimates for 2026 downward to $120 million and $75 million, respectively, primarily due to delays in the ramp-up of the Sangdong Phase I project. The company's Q4 2025 revenue and adjusted EBITDA projections have also been adjusted lower, reflecting a contraction from previous estimates amid ongoing challenges associated with the timing of operations and increased competition from higher domestic tungsten prices in China. Furthermore, negative cash flows from operating activities reported in 2024 and early 2025 underscore the financial difficulties the company faces, leading to an overall pessimistic outlook on its financial health.
This aggregate rating is based on analysts' research of Almonty Industries Inc and is not a guaranteed prediction by Public.com or investment advice.
ALM Analyst Forecast & Price Prediction
Start investing in ALM
Order type
Buy in
Order amount
Est. shares
0 shares