Almonty Industries finds itself at the center of a bullish consensus after two prominent investment firms simultaneously issued upgraded assessments. On Thursday, both DA Davidson and Oppenheimer reinforced their confidence in the materials specialist with significantly higher price targets and clear buy recommendations, setting the stage for a potentially pivotal period for the company.
Dual Analyst Upgrades Signal Confidence
The positive sentiment was catalyzed by DA Davidson, which maintained its “Buy” rating while lifting its price target from CAD $11 to CAD $12. Analyst Matt Summerville cited a more detailed valuation of the recently acquired tungsten project in Montana and revised pricing assumptions for the fourth quarter of 2025 as the basis for this upward adjustment.
In a parallel move, market researchers at Oppenheimer also issued a purchase recommendation for Almonty shares, aligning with a CAD $12 price objective. Their analysis highlighted several potential catalysts for price appreciation and emphasized tungsten’s strategic importance as a critical metal for defense and high-technology sectors.
Building a Foundation for Significant Growth
The analysts’ optimism is underpinned by Almonty’s coherent strategic direction. The company is methodically establishing a tungsten supply chain for the U.S. market that operates independently of Chinese influence. This strategy hinges on two key assets: the recently acquired Gentung Browns Lake project in Montana and the ongoing expansion of its flagship Sangdong mine in South Korea.
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Key components of this growth strategy include:
* Transforming the Sangdong operation into the largest tungsten mine outside China
* Maintaining consistent production from its Panasqueira facility in Portugal
* Projecting record revenues beginning in 2026
Financial projections substantiate this ambitious roadmap. Experts forecast the company could surpass CAD $100 million in revenue as early as next year, with the potential to exceed CAD $600 million by 2028.
Market Reaction in Focus Following Minor Dip
Trading activity will be closely monitored after Almonty shares experienced a slight decline of 1.43% during Thursday’s session. The newly established price targets from both firms suggest an approximate 25% upside from the last closing price of CAD $9.62. Given the stock’s historical volatility, this robust analyst support could provide renewed momentum as markets open.
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