Huntleigh Advisors Inc. Makes New $661,000 Investment in Almonty Industries Inc. $ALM

Huntleigh Advisors Inc. purchased a new stake in shares of Almonty Industries Inc. (NASDAQ:ALM - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 109,696 shares of the company's stock, valued at approximately $661,000.Get Almonty Industries alerts:Wall Street Analyst Weigh In3 Biopharmaceutical Stocks Bucking the Sell-OffA number of brokerages have recently commented on ALM. Weiss Ratings reiterated a "sell (e+)" rating on shares of Almonty Industries in a research note on Monday, December 29th. Oppenheimer raised their target price on shares of Almonty Industries from $7.00 to $12.00 and gave the stock an "outperform" rating in a report on Wednesday, October 15th. DA Davidson reiterated a "buy" rating and set a $12.00 target price on shares of Almonty Industries in a research note on Friday, December 19th. Finally, Wall Street Zen raised Almonty Industries from a "sell" rating to a "hold" rating in a report on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $10.17.Check Out Our Latest Stock Report on ALMAlmonty Industries Stock Up 7.4%Shares of NASDAQ:ALM opened at $10.14 on Thursday. Almonty Industries Inc. has a twelve month low of $3.16 and a twelve month high of $10.68. The company has a market cap of $2.66 billion and a PE ratio of -44.09. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 16.37. The business has a 50 day simple moving average of $7.90. About Almonty Industries (Free Report)Almonty Industries is a Canada-based mining company focused on the production, development and acquisition of tungsten assets. The company’s principal business activity is the mining and processing of tungsten-bearing ore to produce tungsten concentrates for industrial customers. Almonty pursues both operating mines and advanced-stage development projects with the objective of supplying a critical raw material used in hardmetals, tooling, drilling and other industrial applications. Almonty’s asset footprint has historically included operating and development projects in Europe and Asia.Recommended StoriesFive stocks we like better than Almonty IndustriesWall Street Alert: Buy AESBuffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyTrump’s Hand-Written Letter Will Shock his HatersYour Bank Account Is No Longer SafeBitcoin is down but your income is about to explodeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Almonty Industries Right Now?Before you consider Almonty Industries, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Almonty Industries wasn't on the list.While Almonty Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here