Almonty Targets Jump as Sangdong Reaches Production Milestone

Analysts boosted their outlook for Almonty Industries after a pivotal milestone at the Sangdong tungsten project and fresh price-target revisions across the street. B. Riley Securities reaffirmed a buy rating and lifted its objective from $10 to $17, a 70% increase that underscores improved fundamentals for the miner. Earlier in February, DA Davidson also turned more constructive, nudging its target up to $18 while maintaining a Buy stance. The consensus among observers is turning bullish on Almonty’s upside potential.

Key takeaways:
– B. Riley Securities raises the target to $17 from $10, a 70% climb
– DA Davidson sets a $18 target
– Both firms continue to endorse buying Almonty shares
– Sangdong mine marks an operational milestone

Sangdong: a strategic cornerstone