{
  "id": 13974377,
  "title": "Almonty Industries stock price target maintained at $33 by DA Davidson",
  "url": "https://urgent.news/2026/10/12/almonty-industries-stock-price-target-maintained-at-33-by-da-davidson",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T14:22:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/almonty-industries-stock-price-target-maintained-at-33-by-da-davidson-93CH-4944796"
  },
  "original_language": "en",
  "account": "DA Davidson reaffirmed its buy rating and maintained a price target of $33.00 for Almonty Industries (NASDAQ:ALM) after discussions with executives at the company's 25th annual Diversified Industrials conference in Nashville, Tennessee. Almonty's stock price stands at $11.24, marking a 12% decline over the past week, despite delivering a solid 53% return over the past year. According to InvestingPro analysis, the stock seems undervalued at present. The analysis adjusts revenue and adjusted EBITDA estimates for 2026 and 2027, while leaving most 2028 projections unchanged, accounting for timing shifts in Almonty's multi-asset portfolio and updated near-term pricing assumptions related to Fastmarkets. Analysts predict sales growth this year, with net income also projected to rise, as revealed in 18 ProTips available to subscribers. DA Davidson anticipates Almonty's Sangdong facility to start contributing to revenue and EBITDA in Q4 2026, contingent on the acquisition of a required export permit and a delay between shipments and revenue recognition. The firm expects Sangdong Phase I/II to reach full capacity by 2027, including the reprocessing value stream from Almonty's Los Santos tailings under its Sandvik agreement. The current model does not account for earnings and EBITDA from the recent deal with Rwanda or the Montana brownfield acquisition in late 2025. Almonty Industries is also a subject of various analyst ratings and strategic developments. Stifel initiated coverage with a buy rating and a price target of $25.00, focusing on the commencement of Phase I commercial production at Almonty's Sangdong mine in South Korea. Jefferies similarly started coverage with a buy rating and a target of $26.25, emphasizing Almonty's role in the Western tungsten supply chain. Goldman Sachs, however, initiated coverage with a neutral rating and a $13.00 price target, pointing out global supply concerns due to China's policy impacts on tungsten prices. DA Davidson has reiterated its buy rating and price target of $33.00 twice, once following the company's tungsten offtake agreement with a Sandvik Group subsidiary for its Los Santos mine in Spain, and again upon forming a strategic partnership with the Rwandan government for ore and material acquisition.",
  "summary": null,
  "key_points": [
    "DA Davidson maintains $33 price target for Almonty Industries stock",
    "Company's stock down 12% in past week to $11.24",
    "Sangdong facility expected to contribute in Q4 2026"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "DA Davidson lowers Community Financial stock price target to $69",
        "url": "https://urgent.news/2026/10/12/da-davidson-lowers-community-financial-stock-price-target-to-69",
        "published": "2026-10-12T14:22:58.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}