ALM Should I Buy
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Almonty Industries Inc (ALM) is not a strong buy at the moment for a beginner investor with a long-term strategy. Despite positive catalysts such as analyst upgrades and potential growth from the Sangdong Mine, the recent financial performance, insider selling, and technical indicators suggest caution. Holding the stock or waiting for further clarity on financial and operational improvements is advisable.
The MACD is negatively expanding at -0.79, indicating bearish momentum. RSI is at 32.062, nearing oversold territory but not yet signaling a reversal. The stock has broken below key support levels (S1: 14.91), with the next support at 13.22. Moving averages are converging, showing no clear trend direction.
Analysts have raised price targets significantly, citing growth potential from the Sangdong Mine and record-high tungsten prices. The company is positioned as a leader in tungsten production, with expected transformational growth in 2026.
Recent insider plans to sell 5 million shares worth $84.65 million could indicate a lack of confidence. The company reported a Q4 adjusted EBITDA loss of $6.2 million and a net loss of CAD 102.3 million, with declining gross margins and EPS. Technical indicators suggest bearish momentum, and the stock has seen a significant price drop recently.
In Q4 2025, revenue increased by 38.84% YoY to CAD 8.72 million, but the company reported a net loss of CAD 102.3 million, up 1792.54% YoY. EPS dropped to 0, and gross margin declined significantly to 15.06%, down 288.01% YoY.
Analysts maintain a Buy rating with raised price targets (e.g., B. Riley to $23, Alliance Global to $19.25, Oppenheimer to $19). They highlight growth potential from the Sangdong Mine and rising tungsten prices but note softer volumes at the Panasqueira mine and challenges in Q4 results.
