---
title: "Weekly Recap | Almonty Industries -10.65%, most brokers rate it buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299508649.md"
description: "Almonty Industries (ALM) fell 10.65% this week to close at $13.84, underperforming the S&P 500 by about 10.57 percentage points. The stock opened Monday at $15.675 and gradually lost ground, touching an intraday low of $13.25 on Wednesday before a mild Thursday bounce and a $13.84 close on Friday. Weekly amplitude was 15.47%."
datetime: "2026-09-19T05:32:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299508649.md)
  - [en](https://longbridge.com/en/news/299508649.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299508649.md)
generator: "portal-rs"
---

# Weekly Recap | Almonty Industries -10.65%, most brokers rate it buy

## The Week

Almonty Industries (ALM) fell 10.65% this week to close at $13.84, underperforming the S&P 500 by about 10.57 percentage points. The stock opened Monday at $15.675 and gradually lost ground, touching an intraday low of $13.25 on Wednesday before a mild Thursday bounce and a $13.84 close on Friday. Weekly amplitude was 15.47%.

## Key Events

The biggest company-specific development was a strategic tungsten partnership with Rwanda, Africa’s largest tungsten producer, announced on Monday. By Tuesday it was framed as a tungsten joint venture backed by the US economic framework. On Thursday Almonty signed a long-term tungsten concentrate supply deal with Sandvik’s Wolfram Bergbau unit, receiving a $3 million upfront payment. The industry backdrop also tightened: resource nationalism in tungsten saw the US lock down scrap, the UK fund a mine, Zimbabwe ban exports, and Vietnam weigh curbs, while China named 15 tungsten exporters for 2026.

## Analyst Ratings

Of the 10 institutions covering the stock, 9 rate it buy and 1 has no opinion, with no hold, underweight or sell ratings. The consensus rating is strong buy, and the consensus target price is $25.81, about 86.5% above the latest close of $13.84. The target range runs from $19.84 to $32.876, showing wide divergence. Almonty ranks 6th among 64 companies in the diversified metals and mining industry.

## The Week Ahead

On the macro front, the Richmond Fed manufacturing index arrives on 22 September, with initial jobless claims and new home sales due on 24 September. For Almonty specifically, the market may keep tracking implementation details of the Rwanda joint venture and Sandvik supply agreement, though no company earnings release currently appears on the calendar.

## In Short

This week’s news flow centred on strategic tungsten supply deals and rising resource nationalism, yet the share price pulled back over the same period. Institutions still hold a strong-buy consensus with a target well above spot, and the latest session showed net buying in both large and small orders, leaving a tension between price weakness and the positioning of brokers and flows. The next test is whether tungsten prices and deal execution can support the stock.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [ALM.US](https://longbridge.com/en/quote/ALM.US.md)

## Related News & Research

- [Goldman Puts Almonty At "Center" Of Western Tungsten Race](https://longbridge.com/en/news/300052402.md)
- [Almonty initiated Neutral at Goldman as valuation already discounts company's potential](https://longbridge.com/en/news/300067981.md)
- [Almonty Industries (ALM) Receives a Hold from Goldman Sachs](https://longbridge.com/en/news/300000677.md)
- [Jefferies, Goldman, Now Stifel: Wall Street Races To Cover Almonty As "Owning The Bottlenecks" Theme Gains Momentum](https://longbridge.com/en/news/300144542.md)
- [Resource Nationalism Hits Tungsten: US Locks Down Scrap, UK Funds Mine, Zimbabwe Bans Exports, Vietnam Weighs Curbs](https://longbridge.com/en/news/298839018.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**