Almonty Industries stock gains on 498 percent Q2 revenue growth

Published on 09/10/2026 at 15:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Almonty Industries stock closed at USD 19.39 on September 8, 2026, after a 10.3 percent gain. Jefferies started coverage on September 2, 2026, with Buy and USD 26.25.

Tagebau-Mine mit gestuften Felswänden und schweren Muldenkippern im Tageslicht — Almonty Industries Inc betreibt Wolfram-Tagebau CA0203987072 mit Stufenwänden und Muldenkippern im Tageslicht, Illustration mit AI erstellt.

Almonty Industries stock (ISIN CA0203987072) closed at USD 19.39 on Nasdaq on September 8, 2026, after a 10.3 percent gain from the prior session. Jefferies started coverage on September 2, 2026, with Buy and a USD 26.25 price target, while the latest Q2 2026 figures showed revenue up 498 percent year over year to USD 43.0 million.

Q2 numbers set the tone

According to MSN on September 9, 2026, Jefferies initiated coverage with Buy and a USD 26.25 target, citing the commercial phase I production at Sangdong as a key step. The same report said the stock had gained 24.97 percent over three months and 117.03 percent year to date.

Almonty's second quarter 2026 revenue reached USD 43.0 million, mining operating income was USD 26.1 million and adjusted EBITDA was USD 17.6 million, according to finanzen.net on September 9, 2026. The portal also reported a net profit of CAD 181.80 million, an improvement from a net loss of CAD 58.21 million in the prior-year quarter, and earnings per share of CAD 0.62.

Buyback and Sangdong

Ad-hoc-news reported on September 10, 2026, that the Nasdaq close on September 8, 2026, came after a USD 17.57 previous close, with the shares trading as high as USD 19.42 and volume of 5,619,042 shares. The same report linked the move to a USD 300 million share buyback plan and stronger second quarter 2026 adjusted EBITDA.

For investors, the key number is not only the 10.3 percent daily move but also the combination of USD 43.0 million in Q2 revenue, USD 17.6 million adjusted EBITDA and the USD 26.25 Jefferies target. That mix leaves the stock near the top of its recent range and keeps Sangdong's ramp-up in the spotlight.

Stock near the range high

Almonty Industries stock closed at USD 19.39 on September 8, 2026, after trading between USD 17.57 and USD 19.42, while volume reached 5,619,042 shares. The price was 10.3 percent above the prior close and sat just below the intraday high of USD 19.42.