Almonty Industries stock gains on buyback momentum and tungsten supply story
Published on 09/09/2026 at 14:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Almonty Industries stock (ISIN CA0203987072) climbed sharply on Nasdaq on September 8, 2026, closing at USD 19.39 after a 10.3 percent gain from the previous close of USD 17.57 and briefly touching an intraday high of USD 19.42.
Buyback plan and tungsten theme drive sentiment
According to Ad Hoc News on September 9, 2026, Almonty Industries stock advanced 8.3 percent in the latest session as investors revisited the company’s large share repurchase authorization and its exposure to tungsten supply outside China.
The same report states that on September 8, 2026 Almonty Industries Inc. closed at USD 19.39 on Nasdaq, up from USD 17.57 a day earlier, which translates into a 10.3 percent price increase in a single trading session, with volume reaching 5,619,042 shares and the stock trading between an intraday low of USD 17.57 and a high of USD 19.42.
As Quiver Quantitative reported on September 8, 2026, the share price move appeared to be driven by renewed interest in Almonty’s strategic tungsten exposure, its recently announced share repurchase program of up to US$300 million over three years and stronger operating progress at the Sangdong project.
Recent operating results and Sangdong progress
Quiver Quantitative highlights that in its second quarter 2026 results Almonty reported a sharp improvement in adjusted EBITDA and underlined that the Sangdong project in South Korea had begun processing operations, marking a transition toward saleable tungsten concentrate production and positioning the company as a potential major source of non-China tungsten supply.
According to the same analysis by Quiver Quantitative, investors have been focusing on the combination of improved second quarter 2026 operating metrics and the start of processing at Sangdong as key supports for the equity story, especially against a backdrop of tightening global tungsten supply.
Analyst coverage and price targets
Analyst interest has also intensified. As MarketBeat reported on September 8, 2026, Jefferies Financial Group initiated coverage of Almonty Industries on September 2, 2026 with a Buy rating and a USD 26.25 price target.
The same MarketBeat overview notes that one analyst currently rates Almonty Industries as Strong Buy, four as Buy and one as Hold, with a consensus target price around USD 26.81, implying upside potential relative to the September 8, 2026 closing price of USD 19.39 on Nasdaq.
Stock performance and volatility context
A broader performance snapshot from early September 2026 shows that Almonty Industries stock has delivered a year to date gain of about 90 percent and a twelve month advance of approximately 284 percent, based on market data referenced by Ad Hoc News.
The same source indicates that as of September 7, 2026 Almonty Industries stock was quoted at 17.57 euros in Frankfurt, representing a 1.5 percent daily decline versus the prior session, while the company’s market capitalization was around USD 5,069,000,000 at that time.
Closing price and investor takeaway
On Nasdaq, Almonty Industries stock last closed at USD 19.39 on September 8, 2026, with the 10.3 percent single day rise positioning the shares above the prior close and highlighting the impact of the US$300 million buyback plan and stronger recent operating results on investor sentiment.
Almonty Industries stock key data
- Company: Almonty Industries Inc.
- ISIN: CA0203987072
- Ticker: ALM
- Trading venue: Nasdaq
- Price (as of September 8, 2026): 19.39 USD
- Market capitalization: 5,069,000,000 USD (as of September 7, 2026)
- Sector / Industry: Other industrial metals and mining
- Index membership: Not a member of major headline indices
