Analysts expect Almonty Industries to report Q2 2026 revenue of approximately $49.45 million and an EPS of $0.10, while the stock currently trades at $13.29 against a $27.00 average price target.
Investors are primarily focused on the operational ramp-up of the flagship Sangdong Tungsten Mine in South Korea, which marked its transition to active production this quarter. Supporting the growth narrative is a recently closed $800 million convertible note offering and an expanded 21-year offtake agreement covering 90% of Phase I output. Market sentiment is bolstered by record-high tungsten pricing, which has surged over 350% year-over-year, significantly enhancing the company's operating leverage.