Almonty Industries slides 18.8% as $700M convertible notes financing weighs on shares

Almonty Industries Inc. (ALM) is down 18.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is the company’s announcement pricing a large convertible senior notes offering, which can pressure the stock due to dilution concerns and hedge-related selling by market participants involved in the deal. The size of the raise relative to the company’s market value also appears to have amplified the move.

Details:

Almonty announced pricing of an oversubscribed US$700 million offering of 2.25% convertible senior notes due 2031, with an option for initial purchasers to buy up to an additional US$100 million of notes.

The initial conversion price was set around US$27.40 per share (a premium to the prior close), but the structure still introduces potential future share issuance and is often traded with equity hedges that can weigh on the common stock.

The company also entered capped call transactions intended to reduce dilution up to a higher cap price, funded in part with offering proceeds.

The notes are scheduled to settle on June 9, 2026, keeping near-term focus on financing mechanics and positioning.

Sources:

Business Wire, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$ALM Hedge Fund Activity

We have seen 99 institutional investors add shares of $ALM stock to their portfolio, and 53 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 10,293,003 shares (+128.8%) to their portfolio in Q1 2026, for an estimated $149,042,683
GOLDMAN SACHS GROUP INC added 4,128,281 shares (+487.2%) to their portfolio in Q1 2026, for an estimated $59,777,508
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 3,847,146 shares (+inf%) to their portfolio in Q1 2026, for an estimated $55,706,674
UBS GROUP AG added 3,247,664 shares (+1310.4%) to their portfolio in Q1 2026, for an estimated $47,026,174
VAN ECK ASSOCIATES CORP removed 2,665,036 shares (-23.7%) from their portfolio in Q1 2026, for an estimated $38,589,721
COOPER CREEK PARTNERS MANAGEMENT LLC added 2,508,478 shares (+110.4%) to their portfolio in Q1 2026, for an estimated $36,322,761
CITADEL ADVISORS LLC removed 2,012,895 shares (-60.3%) from their portfolio in Q1 2026, for an estimated $29,146,719

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ALM Analyst Ratings

Wall Street analysts have issued reports on $ALM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

DA Davidson issued a "Buy" rating on 12/19/2025

To track analyst ratings and price targets for $ALM, check out Quiver Quantitative's $ALM forecast page.

$ALM Price Targets

Multiple analysts have issued price targets for $ALM recently. We have seen 3 analysts offer price targets for $ALM in the last 6 months, with a median target of $25.0.

Here are some recent targets:

Ian Zaffino from Oppenheimer set a target price of $25.0 on 06/03/2026
Griffin Bryan from DA Davidson set a target price of $25.0 on 03/26/2026
Nick Giles from B. Riley Securities set a target price of $23.0 on 03/20/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.