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Gold/Mining/Energy : Almonty Industries Inc.
AII.TO 9.450-4.4%3:59 PM EDT

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From: Sultan8/13/2025 12:02:25 AM
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Almonty initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald analyst Matthew O’Keefe initiated coverage of Almonty (ALM) with an Overweight rating and $6.50 price target Almonty is an established producer of WO3 tungsten concentrate with assets in South Korea, Portugal, and Spain and tungsten is a critical metal for the manufacturing and defense industries, the analyst tells investors in a research note. The price has risen about 50% this year on increased supply risk from China, the dominant producer, and increased demand related to rising defense budgets, the firm added.

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