ALM stock forecast, quote, news & analysis
Almonty Industries Inc is engaged in the development of the Sangdong Mine in South Korea, and the Company is currently mining, processing, and shipping tungsten concentrate from the Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal (Panasqueira Mine)... Show more
Why Almonty Industries (ALM) Stock Is Down -21% in the Last 30 Days
Key Takeaways
- Almonty Industries (ALM) shares declined approximately 21% over the past 30 days, from a close of $18.28 on August 24 to $14.35 as of the most recent session.
- The pullback occurred despite a series of positive announcements, including new tungsten offtake agreements, a strategic partnership with the Government of Rwanda, and a Buy initiation from Jefferies.
- The stock remains far above its 52-week low near $5, reflecting a multi-month rally tied to Western tungsten supply-chain re-shoring.
- Analyst sentiment remains constructive, with a consensus "Strong Buy" rating and an average 12-month price target near $26.
- Investors continue to focus on the commercial ramp of the Sangdong Mine and trends in tungsten pricing.
Almonty Industries (ALM) Company Overview and Market Position
Almonty Industries Inc. is a global producer of tungsten concentrate sourced from conflict-free regions, with operations and projects spanning Portugal, South Korea, Spain, and the United States. Headquartered in Dillon, Montana, the company's portfolio includes the producing Panasqueira Mine in Portugal, the Los Santos Mine in Spain, and the Sangdong Mine in South Korea, historically one of the largest tungsten deposits outside China.
Tungsten is a strategic metal used in defense, aerospace, advanced manufacturing, and technology applications. Almonty's focus on building Western tungsten supply capacity outside China has made it a closely watched name among investors focused on critical-minerals security and supply-chain diversification.
Almonty Industries (ALM) Stock Price Performance: Last 30 Days vs. Quarter
Over the past 30 days, ALM declined roughly 21%, from a closing price of $18.28 on August 24 to $14.35 in the most recent session. The move marked a sharp reversal after shares had climbed to an early-September peak near $19.
The trailing quarter tells a more volatile story. From a level near $16.50 in late June, the stock rallied to approximately $19 in early September before giving back those gains, leaving shares about 13% lower over the full three-month stretch. Despite the retreat, ALM remains well above its 52-week low, underscoring the strength of the broader rally that preceded the recent pullback.
What Drove ALM Stock Price in the Last 30 Days
The 30-day decline was notable because it unfolded alongside a stream of favorable corporate news. Almonty announced a long-term tungsten concentrate supply agreement with a subsidiary of Sandvik Group (SAND), formed a strategic tungsten partnership under which the Government of Rwanda received a 25% interest in a project, and received a Buy initiation from Jefferies (JEF) with a price target of $26.25.
Given the positive headline flow, the price decline points more to profit-taking and elevated volatility than to negative company-specific fundamentals. ALM had experienced an extended multi-month run, and the retreat appears consistent with investors locking in gains and repricing a high-multiple, fast-moving security. Broader market conditions and shifting sentiment around critical-minerals equities likely added to the pressure.
What Drove ALM Stock Performance Over the Last Quarter
The past quarter's performance was shaped by Almonty's transition toward commercial tungsten production. The company commenced processing operations at the Sangdong Mine, marking the shift to saleable tungsten concentrate, and expanded its Sangdong offtake agreement with Global Tungsten & Powders, a member of Austria's Plansee Group, to roughly $490 million in contracted annual revenue at then-current APT pricing.
Additional developments included a new share repurchase program of up to $300 million, the completion of the voluntary delisting from the Toronto Stock Exchange and Australian Securities Exchange as the company consolidated its U.S. listing, and inclusion in the Russell 1000 and Russell 3000 indexes. Analysts at DA Davidson raised their price target to $33 from $25 during this period. The stock's climb into early September reflected these catalysts, while the subsequent retracement suggests the market had already priced in much of the positive momentum.
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ALM Stock Forecast Drivers: What Investors Should Watch Next
Investors should monitor the commercial ramp and throughput of the Sangdong Mine, as execution against production and offtake targets will be central to the company's revenue trajectory. Tungsten price movements and the pace of Western supply-chain re-shoring remain key macro drivers. Upcoming earnings reports, guidance updates, and any additional analyst actions will also shape sentiment. As with any high-beta, early-stage producer, execution risk, commodity-price volatility, and broader market conditions warrant close attention.
Disclaimer
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ALM in +2.58% Uptrend, advancing for three consecutive days on October 05, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ALM advanced for three days, in 190 of 229 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for ALM's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
ALM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 09, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on ALM as a result. In 81 of 109 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 74%.
The Moving Average Convergence Divergence Histogram (MACD) for ALM turned negative on September 10, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 39 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 80%.
ALM moved below its 50-day moving average on September 14, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ALM crossed bearishly below the 50-day moving average on September 22, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 17 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 89%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 77%.
The Aroon Indicator for ALM entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 27 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 45 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 54 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating steady price growth. ALM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.775) is normal, around the industry mean (12.026). P/E Ratio (60.345) is within average values for comparable stocks, (146.692). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.026). Dividend Yield (0.000) settles around the average of (0.009) among similar stocks. P/S Ratio (56.818) is also within normal values, averaging (283.864).
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