---
title: "GBC AG sets Almonty price target at USD 30, reiterates buy rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296454345.md"
description: "GBC AG initiated coverage on Almonty Industries with a Buy rating and a USD 30 price target by Dec. 31, 2027. The report highlights Sangdong's production shift starting July 2026 and an amended offtake agreement boosting Phase 1 volume by 40% over 21 years. Revenue is forecast to rise from USD 365.9 million in 2026 to USD 1.32 billion in 2027, with adjusted EBITDA reaching USD 1.22 billion. USD 800 million convertible notes are modeled as debt."
datetime: "2026-08-20T08:01:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296454345.md)
  - [en](https://longbridge.com/en/news/296454345.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296454345.md)
generator: "portal-rs"
---

# GBC AG sets Almonty price target at USD 30, reiterates buy rating

-   GBC AG initiated coverage on Almonty Industries with a Buy rating, setting a target price of USD 30 by Dec. 31, 2027. \* Report flags Sangdong’s shift into production, with processing of stockpiled run-of-mine ore starting in July 2026. \* Amended Global Tungsten & Powders offtake lifts Phase 1 contracted volume 40%, extends the term to 21 years, improves pricing and payability 6.3%. \* Forecast revenue of USD 365.9 million for 2026, rising to USD 1.32 billion in 2027; adjusted EBITDA seen at USD 329.7 million, then USD 1.22 billion. \* Convertible notes of USD 800 million modeled as debt, with an initial conversion price of about USD 27.4 per share. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Almonty Industries Inc. published the original content used to generate this news brief via EQS News (Ref. ID: rc\_26592) on August 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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