Almonty Industries Inc (AII:CA), a prominent global producer of tungsten concentrate, is preparing to announce its financial results for the first quarter of fiscal year 2025 on March 31, 2025.
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Expected Quarterly Earnings Report of Almonty Industries Inc:
In the previous fiscal year ending January 31, 2024, Almonty Industries reported a 28% increase in revenue, reaching CAD $28.8 million, up from CAD $22.5 million the year prior. Operating income grew substantially as well, with income from mining operations increasing 81.8% to CAD $2.0 million.
Looking ahead, analysts remain optimistic, forecasting revenues of approximately CAD $91 million and net income of CAD $20.7 million for fiscal 2025. By 2026, projections estimate revenues of CAD $179 million and net profits of CAD $58 million, indicating robust growth expectations.
Stock Target Advisor’s Analysis of Almonty Industries Inc:
According to Stock Target Advisor, the overall sentiment for Almonty Industries Inc. is Bearish, based on 1 positive signal and 6 negative signals.
The company’s stock last closed at CAD 2.30, posting a +0.76% gain over the past week, a +0.49% gain over the past month, and an impressive +270.97% increase over the past year.
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Conclusion:
As Almonty Industries Inc. gears up for its Q1 2025 earnings release, the market is watching closely. The company’s strategic development of the Sangdong Tungsten Mine in South Korea and its international positioning in critical metals have the potential to drive long-term growth.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
