Why Almonty Industries (ALM) Stock Is Up Today

Almonty Industries (ALM) is up 6.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is Almonty’s newly approved share repurchase program, which signals management believes the stock is undervalued and gives the market a direct shareholder-return story. The move also appears to be supported by the company’s broader production ramp at Sangdong and recently improved contracted economics for its tungsten business.

Details:

Almonty announced on August 17, 2026 that its board approved a new share repurchase program authorizing up to US$300 million of buybacks over 36 months, beginning August 24.

The program allows purchases of as many as 14.4 million common shares, or about 5% of shares outstanding as of August 14, which can be viewed as a meaningful support for the stock.

Management framed the buyback as a response to a gap between the current share price and the company’s view of the value of its tungsten assets and growth outlook.

Recent operating momentum may also be helping sentiment: Almonty said in July that Sangdong had begun processing operations, and it later expanded a long-term offtake agreement that it said would improve pricing and increase contracted revenue at current market prices.

Sources:

Almonty Industries, SEC, Yahoo Finance

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

$ALM Hedge Fund Activity

We have seen 136 institutional investors add shares of $ALM stock to their portfolio, and 76 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 6,075,155 shares (+inf%) to their portfolio in Q2 2026, for an estimated $100,604,566
PRICE T ROWE ASSOCIATES INC /MD/ added 5,717,206 shares (+inf%) to their portfolio in Q2 2026, for an estimated $94,676,931
SWEDBANK AB added 5,156,017 shares (+inf%) to their portfolio in Q2 2026, for an estimated $85,383,641
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 5,051,309 shares (+inf%) to their portfolio in Q2 2026, for an estimated $83,649,677
COOPER CREEK PARTNERS MANAGEMENT LLC removed 4,781,415 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $79,180,232
ENCOMPASS CAPITAL ADVISORS LLC removed 4,300,839 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $71,221,893
GOLDMAN SACHS GROUP INC removed 3,992,304 shares (-80.2%) from their portfolio in Q2 2026, for an estimated $66,112,554

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 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.