Sphene Capital sets Almonty price target at USD 26.40, keeps Buy rating
Bitget2026/09/28 15:11- Sphene Capital reiterated a Buy rating on Almonty Industries, setting a 36-month target price of USD 26.40.
- Target implies 92.4% upside from the last close of USD 13.72, reflecting a shift from a prior CAD 38.90 target.
- Report highlighted a long-term take-or-pay offtake deal with Sandvik unit Wolfram Bergbau und Hütten for Los Santos tailings concentrate.
- Agreement includes a conditional one-time upfront payment of USD 3 million, with pricing linked to tungsten and a contractual floor.
- Sphene said the offtake structure could de-risk a Los Santos restart by improving cash-flow visibility and reducing required capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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