A remarkable shift in quarterly performance from Almonty Industries has captured market attention, signaling a potential departure from a period of investor uncertainty. The latest financial report reveals a dramatic upswing in net income that has surpassed even the most optimistic forecasts. This development raises a pivotal question for the market: is this the beginning of a sustained re-rating for the tungsten specialist, or merely a temporary spike?
The market’s response was immediate and bullish. As trading concluded for the week, Almonty’s stock experienced a significant surge, climbing 7.5% on the NASDAQ. Concurrently, shares listed in Toronto also registered a strong advance of 3.39%. This powerful upward movement suggests that investors are anticipating more than just a short-term correction.
A Deep Dive into the Quarterly Reversal
The catalyst for this rally is found in the company’s most recent financial statements. Almonty has reported a substantial net profit of CAD 33.19 million for the third quarter, a stark contrast to the loss recorded in the previous year.
This return to profitability was further supported by a revenue increase to CAD 8.7 million, driven by a significantly more favorable pricing environment in the global tungsten market. The speed of this financial recovery has caught many bearish models off guard, compelling analysts to undertake comprehensive revisions of their valuation frameworks for the company.
Strategic Expansion Strengthens Long-Term Outlook
Beyond the impressive quarterly figures, Almonty is advancing two major projects that underpin its fundamental value proposition.
Should investors sell immediately? Or is it worth buying Almonty?
In South Korea, the Sangdong mine—a critical non-Chinese source of tungsten—is approaching its production phase. The scheduled commencement in the second half of 2025 is a key milestone being closely monitored by the investment community. In a parallel strategic move, the acquisition of the “Gentung Browns Lake” project in Montana marks the company’s formal entry into the U.S. supply chain. This positions Almonty directly to serve the American defense and technology sectors, aligning with broader initiatives to reduce reliance on Chinese supplies.
Analyst Sentiment Shifts as Fundamentals Improve
This fundamental reassessment has not gone unnoticed by market experts. Oppenheimer recently increased its price target to $12.00, reaffirming its “Outperform” rating on the stock.
The overall analyst sentiment is now tilting demonstrably toward a “Moderate Buy” consensus. While the company’s debt structure remains a complex factor, the promising outlook for a successful start at the Sangdong mine is currently outweighing those concerns. Investors are reassessing the landscape based on several key developments:
- Market Performance: Confirmed share price gains of 7.5% on the NASDAQ.
- Profit Milestone: A Q3 net income of CAD 33.19 million signifies a major turnaround.
- Geopolitical Positioning: The company is reinforcing its role as an essential supplier outside of China.
The investment thesis for Almonty is being reshaped. If the company can successfully transition its key project into production next year, the current share prices may represent just the initial phase of a more extended upward trend.
Ad
Almonty Stock: Buy or Sell?! New Almonty Analysis from November 30 delivers the answer:
The latest Almonty figures speak for themselves: Urgent action needed for Almonty investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from November 30.
Almonty: Buy or sell? Read more here...
