Reported 1 day ago
Almonty Industries (ALM) has been gaining attention as a top small-cap stock, recently receiving an Outperform rating from Oppenheimer with a price target of $7.00. The company's impressive 440% return over the past year positions it to potentially become the largest tungsten producer outside of China and Russia. With tungsten prices exceeding $500/MTU driven by increased global defense spending and export restrictions from China, Almonty plans to triple its output to 2.4 million tons by 2027, aiming to secure 40% of tungsten production among allied nations.
Source: YAHOO