Almonty Shares Surge as Analysts Double Price Targets

Almonty CA0203981034

Saturday's trading session delivered a powerful performance for Almonty Industries' stock. On the Tradegate exchange, the share price climbed 10.58 percent to reach €11.92, supported by a notable trading volume exceeding 660,000 shares. This significant advance is fueled by a confluence of positive developments: fresh analyst endorsements and a U.S. government initiative focused on securing strategic raw materials, which together paint a promising outlook for this tungsten producer.

The market's positive response is rooted in fundamental geopolitical shifts. The launch of "Project Vault," a U.S. government program, aims to substantially build up national stockpiles of more than 50 critical minerals. This initiative seeks to reduce dependency on imports from China. For Almonty, this creates a distinct strategic advantage. As a producer operating outside of China, the company's importance grows considerably within a global environment actively seeking to diversify supply chains.

Operational results further solidify this position. For the third quarter ending September, Almonty reported revenue of CAD 8.7 million and posted a substantial net profit of CAD 33.19 million. The transition from a project developer to an active producer is now complete, coinciding with a favorable market where tungsten prices are trading at approximately USD 1,200 per metric ton unit (MTU).

Analyst Confidence and Expanded Targets

In light of this improved landscape, research firms have issued strongly upgraded assessments.

• Diamond Equity Research has nearly doubled its price target, raising it from CAD 11.00 to CAD 20.00. The analysts cite sustained high APT tungsten prices and the anticipated future production from the Gentung Browns Lake project in Montana, which is scheduled to begin deliveries in the second half of 2026.
• D.A. Davidson reaffirmed its Buy recommendation, maintaining a price target of USD 18.00.

Production Ramp-Up and Future Capacity

A key operational milestone was reached in December 2025, when the Sangdong mine in South Korea delivered its first ores. Expansion plans are proceeding on schedule, with the mine slated to increase its annual capacity to 1.2 million tonnes by 2027.

The reactivation of U.S.-based capacity in Montana dovetails seamlessly with the political objectives in Washington. "Project Vault" is designed to provide direct incentives for domestic or allied production, positioning Almonty's North American assets favorably.

The coming period will be crucial, with upcoming production figures and the continued execution of expansion plans serving as key tests. However, the combination of geopolitical tailwinds and operational delivery capability provides Almonty with a foundation that, according to some market observers, may not yet be fully reflected in current valuations.