Almonty Industries Inc. (NASDAQ:ALM) is among the most profitable stocks in each sector so far in 2026. On March 20, TheFly reported that B. Riley lifted the price target on Almonty Industries Inc. (NASDAQ:ALM) to $23 from $17 and maintained a Buy rating. Forecasts have been revised to better reflect the Sangdong Tungsten Mine commissioning and an improved APT pricing backdrop after the fourth-quarter earnings report, the analyst said, adding that the prices climbed to nearly $2,250/MTU and the long-term deck increased to $800/MTU.
On the same day, Oppenheimer also elevated the price target on Almonty Industries Inc. (NASDAQ:ALM) from $16 to $19 and reiterated an Outperform rating after Q4 results. Back on March 16, the company announced the successful completion of Phase 1 commissioning at its Sangdong Mine. The processing plan has an annual capacity of approximately 640K tons of ore, the firm said.
According to Alliance Global, Almonty Industries Inc. (NASDAQ:ALM) is the “primary avenue for investors to gain exposure to tungsten prices going forward,” as it is the leader in the tungsten market. The firm boosted the price target on the company to $19.25, up from $14, and reaffirmed a Buy rating on March 20.
Almonty Industries Inc. (NASDAQ:ALM) is a Canadian company that mines and ships tungsten concentrates, while exploring for tin and tungsten deposits. The company has 100% interests in projects and mines based in Canada, Korea, Portugal, Spain, and the United States.
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