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Investing.com - DA Davidson has reiterated its Buy rating and $7.00 price target on Almonty Industries (NYSE:ALM) following the company’s second-quarter 2025 financial results. The stock has shown remarkable momentum, delivering a 502% return over the past year and trading near $4.71, with analysts maintaining a Strong Buy consensus. According to InvestingPro analysis, the stock is currently fairly valued.
Almonty Industries reported sales of $5.2 million for the second quarter of 2025, showing a year-over-year decline. According to DA Davidson, this decrease was primarily due to the company’s decision to divert personnel to begin L4 preparation work.
The mining company’s adjusted EBITDA was slightly lower compared to the same period last year. DA Davidson noted that additional costs related to Almonty’s planned redomicile to the United States negatively impacted the quarterly results.
The research firm indicated that Almonty’s Sangdong Phase I project appears to be on schedule to begin initial production in the fourth quarter of 2025. DA Davidson highlighted that the mine’s significantly higher head grade is expected to provide an immediate boost to operational results once production commences.
DA Davidson maintained that its long-term investment thesis for Almonty Industries remains intact, supporting the continued Buy rating and $7.00 price target for the stock.
In other recent news, Almonty Industries has been the subject of multiple analyst coverage initiations. Oppenheimer has given Almonty an Outperform rating with a price target of $7.00, citing the company’s potential to become the world’s largest tungsten miner outside of China and Russia. Similarly, DA Davidson initiated coverage with a Buy rating and a $7.00 price target, emphasizing Almonty’s diverse portfolio, including significant tungsten projects in Western Europe and the flagship Sangdong Mine in South Korea. Alliance Global Partners also initiated a Buy rating, setting a price target of $6.75, and recognized Almonty as a key player in the tungsten market.
In corporate developments, Almonty has appointed Brian Fox as its new Chief Financial Officer, effective August 25, 2025. Fox previously held the position of Chief Financial & Operating Officer at CBIZ Marks Paneth. He succeeds Mark Gelmon, who will remain with the company as a financial consultant. These recent developments highlight Almonty’s strategic positioning in the global tungsten market and its ongoing corporate evolution.
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