Almonty Industries: The tungsten supply chain's missing link
The market for tungsten, recognized as a critical mineral in both Canada and the United States, is in the midst of a mounting ...
Model output · Signal date 2026-10-16
Almonty Industries Inc. (ALM) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
Alpha
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Middle 30%
of 5172 stocks scored
Rank correlation · 90D
-10.0%
Spearman, 87 dates
Market Cap
$2.84B
mid-cap · #11 of 46 peers
Summary
Almonty Industries Inc. (ALM) stock forecast summary
On Oct. 16, 2026, ALM is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
Almonty Industries Inc. is a mid-cap company with a market capitalization of $2.84B. It ranks number 11 by market capitalization among the 46 Metal Mining issuers in our coverage with a current forecast.
For ALM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -10.0%, measured on 87 forecast dates between 2026-03-19 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -25.0%, measured on 130 forecast dates between 2026-03-19 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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ALM price chart and AI forecast
Cross-section · 2026-10-16
How ALM ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2025-12-31
Almonty Industries Inc. (ALM) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Metal Mining peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | ALM | Rank |
|---|---|---|
| Market Cap | $2.84B | 11/46 |
Financial Health
| Metric | ALM | Rank |
|---|---|---|
| Current Ratio | 3.89x | 17/48 |
| Quick Ratio | 3.76x | 4/17 |
| D/E Ratio | 0.65x | 21/38 |
| Financial Leverage | 1.65x | 24/40 |
| Working Capital | $155M | 11/47 |
Dividend & Shareholder Information
| Metric | ALM | Rank |
|---|---|---|
| Shares Outstanding | 289M | – |
Balance Sheet Highlights (USD millions, converted from CAD)
| Total Current Assets | $209M | |
| Cash & Short-term Investments | $196M | |
| Inventory | $7M | |
| Total Liabilities | $169M | |
| Short-term Debt | $29M |
Quarterly Financial Reports
ALM quarterly financials and insider trading
Industry Peers · Metal Mining
Almonty Industries Inc. (ALM) industry peers
Companies classified under the same SEC industry code as Almonty Industries Inc. (Metal Mining): 53 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| ALM Almonty Industries Inc. | ▶ | $2.84B |
| BHP Bhp Group Ltd | ▼ | $211.39B |
| SCCO Southern Copper Corp/ | ▼ | $167.29B |
| RIO Rio Tinto Plc | ▼ | $146.97B |
| FCX Freeport-Mcmoran Inc | ▼ | $99.86B |
| VALE Vale S.A. | ▼ | $55.75B |
| HBM Hudbay Minerals Inc. | ▶ | $10.47B |
| MP Mp Materials Corp. / De | ▼ | $7.15B |
| CLF Cleveland-Cliffs Inc. | ▲ | $6.91B |
| USAR Usa Rare Earth, Inc. | ▼ | $3.95B |
| ERO Ero Copper Corp. | ▲ | $3.56B |
| NEXA Nexa Resources S.A. | ▶ | $1.66B |
| IE Ivanhoe Electric Inc. | ▶ | $1.38B |
| USAS Americas Gold & Silver Corp | ▲ | $1.21B |
| TMC Tmc The Metals Co Inc. | ▲ | $1.14B |
| CRML Critical Metals Corp. | ▶ | $1.02B |
| SGML Sigma Lithium Corp | ▶ | $950M |
| RBTK Zhen Ding Resources Inc. | ▼ | $886M |
| ASM Avino Silver & Gold Mines Ltd | ▲ | $823M |
| LAC Lithium Argentina Ag | ▶ | $793M |
| GSM Ferroglobe Plc | ▲ | $753M |
| DC Dakota Gold Corp. | ▲ | $739M |
| THM International Tower Hill Mines Ltd | ▲ | $568M |
| ALOY Realloys Inc. | ▼ | $499M |
| NB Niocorp Developments Ltd | ▼ | $456M |
| WRN Western Copper & Gold Corp | ▲ | $410M |
| LZM Lifezone Metals Ltd | ▶ | $278M |
| REA Rare Earths Americas, Inc. | ▲ | $144M |
| COBA Chilean Cobalt Corp. | ▶ | $133M |
| LCGMD Lion Copper Corp. | ▼ | $105M |
| PZG Paramount Gold Nevada Corp. | ▲ | $91M |
| THMG Thunder Mountain Gold Inc | ▲ | $77M |
| LCGMF Lion Copper Corp. | ▶ | $62M |
| AEC Anfield Energy Inc. | ▼ | $56M |
| NEXM Nexmetals Mining Corp. | ▶ | $52M |
| WWR Westwater Resources, Inc. | ▲ | $52M |
| COPR Idaho Copper Corp | ▼ | $49M |
| SRGZ Star Gold Corp. | ▲ | $32M |
| DYNR Dynaresource, Inc. | ▶ | $19M |
| LTUM Lithium Corp | ▲ | $6M |
| LBSR Liberty Star Uranium & Metals Corp. | ▼ | $4M |
| SVBL Silver Bull Resources, Inc. | ▶ | $3M |
| MAGE Magellan Copper & Gold Corp | ▲ | $2M |
| ARRT Artisan Consumer Goods, Inc. | ▶ | $1M |
| FUST Fuse Group Holding Inc. | ▶ | $1M |
| ENRT Enertopia Corp. | ▼ | $430K |
| ACRL Atacama Resources International, Inc. | ▲ | N/A |
| ADMG Adamant Dri Processing & Minerals Group | ▲ | N/A |
| AMLM American Lithium Minerals, Inc. | ▲ | N/A |
| BHLL Bunker Hill Mining Corp. | ▼ | N/A |
| GSTX Graphene & Solar Technologies Ltd | ▼ | N/A |
| HNOI Hno International, Inc. | ▼ | N/A |
| RYES Rise Gold Corp. | ▼ | N/A |
Where ALM sits on the market map
Energy & Transportation · Metal Mining
News
Almonty Industries Inc. (ALM) stock news
Down 24.4% in 4 weeks, here's why Almonty Industries Inc. (ALM) looks ripe for a turnaround
A downtrend has been apparent in Almonty Industries Inc. (ALM) lately with too much selling pressure. The stock has declined 24.4% over the past four weeks. However, given the fact that it is now in ...
Almonty Industries Sets October 19 Webcast Investor Day as Sangdong Mine Enters Commercial Operations
Detailed price information for Almonty Industries Inc (ALM-Q) from The Globe and Mail including charting and trades.
FAQ
Almonty Industries Inc. (ALM) stock forecast FAQ
What is the Almonty Industries Inc. (ALM) stock forecast?
On Oct. 16, 2026, ALM is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
How accurate are Almonty Industries Inc. stock predictions?
For ALM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -10.0%, measured on 87 forecast dates between 2026-03-19 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -25.0%, measured on 130 forecast dates between 2026-03-19 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Almonty Industries Inc. forecasts updated?
Almonty Industries Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Almonty Industries Inc.'s industry peers?
53 issuers in our coverage, ALM included, share the SEC industry code Metal Mining. The largest are: Bhp Group Ltd (BHP), Southern Copper Corp/ (SCCO), Rio Tinto Plc (RIO), Freeport-Mcmoran Inc (FCX), Vale S.A. (VALE), Hudbay Minerals Inc. (HBM).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.