Connor, Clark & Lunn Investment Management 13F: New $74M Stake in ALM

Connor, Clark & Lunn Investment Management has taken a new position in Almonty Industries Inc. (NasdaqCM: ALM), as reflected in its latest 13F filing with the SEC for the reporting period ended March 31, 2026. The investment firm acquired 3,847,146 shares of Almonty, valued at approximately $73.6 million, marking a fresh entry into the company's stock.

What Changed in Connor, Clark & Lunn's Almonty Industries Position

Connor, Clark & Lunn Investment Management has made a significant move by acquiring 3,847,146 shares of Almonty Industries. This new buy is valued at $73.6 million, establishing a substantial stake in the company as of the last reporting period.

Other Institutional Activity in Almonty Industries

Other institutional investors have also been active in Almonty Industries. FMR LLC increased its holdings by 10,293,003 shares, ending with a total of 18,285,503 shares valued at about $264.8 million. VAN ECK ASSOCIATES CORP entered with 8,574,446 shares, valued at approximately $124.2 million. VANGUARD CAPITAL MANAGEMENT LLC added 5,046,472 shares, reaching a total of 5,046,472 shares worth around $73.4 million. GOLDMAN SACHS GROUP INC boosted its stake by 4,128,281 shares to 4,975,640 shares, valued at $72 million. COOPER CREEK PARTNERS MANAGEMENT LLC increased its position by 2,508,478 shares to 4,781,415 shares, valued at about $69.2 million.

Almonty Industries Inc. Stock Up 38.3%

Shares of Almonty Industries (NasdaqCM: ALM) traded near $19.14. The company has a market capitalization of $5.19 billion, with a forward P/E ratio of 12.3. Almonty has experienced a 52-week low of $3.16 and a high of $24.41. The stock's 50-day moving average is $19.65, while the 200-day moving average stands at $12.46. The company's current ratio is 2.45, with a quick ratio of 2.33 and a debt-to-equity ratio of 46.33.

Recent Earnings

Almonty Industries reported revenue of $50 million, showing a growth rate of 2.2%. However, the company is not currently profitable, with a net margin of -2.65% and a return on equity of -70.7%. The next earnings report is scheduled for May 14, 2026.

Analysts Set New Price Targets

Analysts have maintained positive outlooks on Almonty Industries. On June 3, 2026, Oppenheimer maintained a 'buy' rating with a price target of $25. DA Davidson also kept its 'buy' rating with a target of $25 as of March 26, 2026. B. Riley Securities maintained a 'buy' rating with a target of $23 on March 20, 2026. The consensus among seven analysts is a 'strong buy', with a mean price target of $23.53.

About Almonty Industries

Almonty Industries Inc. is involved in the mining, processing, and shipping of tungsten concentrates. The company explores for tin and tungsten deposits and holds 100% interests in various projects and mines across Canada, Korea, Portugal, Spain, and the United States. Headquartered in Dillon, Montana, Almonty is led by CEO Mr. M. Lewis Black and employs 341 people.

Bottom Line

Connor, Clark & Lunn's new position in Almonty Industries highlights the firm's interest in the mining sector. This 13F filing provides a snapshot of the firm's holdings as of the end of March 2026. Investors often track these filings to gauge institutional interest and sentiment in particular stocks. However, it's important to note that 13F filings are backward-looking and may not reflect current positions.