Almonty Industries stock gains on Sandvik tungsten deal and strong Q2 growth

Published on 09/18/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Almonty Industries stock rose 4.9 percent to USD 14.13 on Nasdaq on September 17, 2026, after a new long-term tungsten supply deal with Sandvik. Q2 2026 revenue jumped 69.3 percent to CAD 43.0 million as the Los Santos tailings strategy scales up.

Tagebau-Mine mit gestuften Felswänden und schweren Muldenkippern im Tageslicht — Almonty Industries Inc betreibt Wolfram-Tagebau CA0203987072 mit Stufenwänden und Muldenkippern im Tageslicht, Illustration mit AI erstellt.

Almonty Industries Inc. stock (ISIN CA0203987072) closed at USD 14.13 on Nasdaq on September 17, 2026, up 4.9 percent on the day and 60.4 percent year to date, signaling that investors are rewarding the company’s latest tungsten initiatives.

Sandvik supply agreement lifts sentiment

As NAI500 reported on September 17, 2026, Almonty Industries has entered into a long-term tungsten concentrate supply agreement with Wolfram Bergbau und Hütten, a subsidiary of Sweden’s Sandvik Group, covering tailings at the Los Santos mine in western Spain.

According to NAI500, Almonty shares rose 3.8 percent in premarket trading on Nasdaq following the announcement, underscoring how the market views the Sandvik partnership as a validation of the company’s tailings-recovery strategy.

Q2 2026 results show sharp revenue acceleration

Almonty’s latest quarterly figures give investors more context for that strategic move. According to the second-quarter 2026 earnings summary on Zonebourse, the company reported revenue of CAD 43.0 million in Q2 2026 for the period ended June 30, 2026, versus a FactSet consensus estimate of CAD 69.3 million.

That Q2 2026 revenue of CAD 43.0 million still represents a 69.3 percent increase versus the CAD 25.4 million achieved in Q1 2026, highlighting how fast Almonty’s sales are scaling as new tungsten volumes come on stream.Zonebourse

On the earnings side, Almonty Industries posted Q2 2026 earnings per share of CAD 0.62, compared with a FactSet consensus of CAD 0.10, meaning the company beat expectations by CAD 0.52 per share in the quarter.Zonebourse

Valuation looks stretched versus intrinsic value metrics

While operations and strategic positioning are improving, some valuation metrics suggest caution. On September 17, 2026, GuruFocus highlighted that Almonty Industries was trading at USD 13.46 per share at the time of its analysis, compared with an estimated intrinsic GF Value of USD 5.06 per share.

According to GuruFocus, that gap implies Almonty Industries stock was trading at a premium of 166.0 percent to its GF Value-based fair value estimate, a signal that at least one valuation model considers the shares significantly overvalued relative to fundamentals.

GuruFocus also assigns Almonty Industries a GF Score of 58 out of 100, reflecting moderate overall fundamental health, and notes mixed activity among institutional investors, with some premium-value managers adding to positions and others trimming exposure.

Analyst consensus points to significant upside from Toronto quote

Alongside valuation screens, sell-side expectations provide another benchmark. The analyst consensus overview on Zonebourse shows an average recommendation of Buy on Almonty Industries as of early September 2026.

According to the same Zonebourse consensus snapshot dated September 2, 2026, the average 12-month price target for Almonty Industries stands at CAD 36.11, versus a last closing price of CAD 19.77, implying an expected upside of 82.6 percent from that Toronto level.

The high price target in that consensus is CAD 45.99, which would represent a 132.6 percent gain on the CAD 19.77 closing price, while the low target of CAD 27.75 still indicates a 40.4 percent potential increase, underlining how bullish analysts are on the company’s medium-term growth prospects.Zonebourse

Dividend dates add another milestone to the calendar

Income-focused investors will note that Almonty Industries has upcoming dividend-related dates on the calendar. The financial agenda on Zonebourse lists a dividend detachment of USD 0.015 per share scheduled for September 22, 2026, and another dividend detachment of CAD 0.065 per share on September 29, 2026.

These upcoming dividend events, combined with the strong Q2 earnings beat and the strategic Sandvik supply agreement, create a dense news flow for Almonty Industries stock through late September 2026 and give investors multiple checkpoints to reassess the company’s progress.

Stock holds gains near recent Nasdaq level

Per Nasdaq price data as cited by Seeking Alpha, Almonty Industries stock closed at USD 14.13 on Nasdaq on September 17, 2026, up USD 0.66 from the prior close for a one-day gain of 4.9 percent.