Almonty Targets Jump as Sangdong Reaches Production Milestone

Analysts boosted their outlook for Almonty Industries after a pivotal milestone at the Sangdong tungsten project and fresh price-target revisions across the street. B. Riley Securities reaffirmed a buy rating and lifted its objective from $10 to $17, a 70% increase that underscores improved fundamentals for the miner. Earlier in February, DA Davidson also turned more constructive, nudging its target up to $18 while maintaining a Buy stance. The consensus among observers is turning bullish on Almonty’s upside potential.

Key takeaways:
– B. Riley Securities raises the target to $17 from $10, a 70% climb
– DA Davidson sets a $18 target
– Both firms continue to endorse buying Almonty shares
– Sangdong mine marks an operational milestone

Sangdong: a strategic cornerstone

Should investors sell immediately? Or is it worth buying Almonty?

The Sangdong tungsten mine in South Korea is at the heart of Almonty’s strategic push. The project is designed to supply tungsten to Western markets and reduce reliance on China, which currently accounts for the majority of global production. In December 2025, Sangdong reached a critical inflection point: the first ore shipment signaled the transition from development to active mining. Looking ahead to 2026, the company aims to move Sangdong into full commercial operation.

A solid portfolio backing

Besides Sangdong, Almonty’s operations include the Panasqueira mine in Portugal and the Los Santos project in Spain. The company’s focus remains on the extraction, processing, and shipment of tungsten concentrates. The swift jump in price targets within a short window suggests analysts are increasingly recognizing Sangdong’s progress and Almonty’s position as a Western tungsten supplier. As production commences, the company’s long-running development work is poised to begin generating tangible returns.