Almonty Industries (ALM)
Producer of tungsten concentrates from Panasqueira and ramping Sangdong mines.
Something off on this page? Send us feedback.
Produces tungsten concentrates from mines in Portugal and South Korea, with tin and copper by-products at Panasqueira, and sells mainly under supply agreements. Revenue is currently concentrated at Panasqueira while Sangdong ramps and planned projects aim to extend processing downstream.
Mines and processes tungsten in Portugal and South Korea, led by the Panasqueira underground mine and Sangdong, which is producing while its plant ramps. Panasqueira sells tungsten, tin and copper concentrates; Sangdong produces scheelite tungsten concentrate. Los Santos in Spain is on care and maintenance, while Valtreixal in Spain, Gentung in Montana, the adjacent Sangdong molybdenum project and a planned tungsten oxide facility remain exploration or development activities.
Sells concentrates mainly through long-term supply agreements and shorter purchase orders, with Panasqueira serving the United States, Western Europe and Japan. Panasqueira provides technical know-how for the portfolio, while planned oxide processing would move the group downstream. Revenue remains concentrated at Panasqueira, and Sangdong is ramping under a long-term offtake arrangement. Operations depend on mining permits, surface access, tailings capacity, water, power, reclamation provisions and compliant downstream processing across the portfolio.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 2, 2026 | Jefferies | Initiate | Rating: —Target: — | Target: $26.25 |
| Jul 10, 2026 | DA Davidson | Reiterate | Rating: —Target: — | Target: $33 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $863.6M · Total debt $572.2M · Total assets $1.20B · Shareholders' equity $388.3M
- Revenue
- $30.3M
- Operating income
- $11.6M
- Net income
- $127.9M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions | ≈ 42.94% | 121.83M shares | |
|---|---|---|---|
| 193 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 57.06% | 161.91M shares | |
| remainder | |||
283.74M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 7.76% | 22.03M | as of Jun 30, 2026 |
Van Eck Associates CorpInstitution | 4.15% | 11.77M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.23% | 6.33M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.14% | 6.08M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 2.01% | 5.72M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Equity Residential
Direct non-China tungsten-concentrate rival across Europe.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Almonty Industries | $13.65 | −4.88% | $4.07B | — | 14.8 | — | +484.5% |
| Equity Residential | $62.08 | −0.43% | $23.38B | 27.3 | 40.1 | 7.5 | +2.1% |
| Median | 27.3 | 40.1 | 7.5 | +2.1% |