Ferroglobe (GSM) Receiving Somewhat Positive Media Coverage, Study Shows

Media stories about Ferroglobe (NASDAQ:GSM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferroglobe earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.6787316178712 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus set a $23.00 price target on shares of Ferroglobe and gave the company a “buy” rating in a research note on Thursday, November 30th. ValuEngine downgraded shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Jefferies Group set a $18.00 price target on shares of Ferroglobe and gave the company a “buy” rating in a research note on Tuesday, November 28th. B. Riley reaffirmed a “buy” rating and set a $20.00 price target (up previously from $16.00) on shares of Ferroglobe in a research note on Wednesday, November 29th. Finally, BidaskClub downgraded shares of Ferroglobe from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Ferroglobe currently has a consensus rating of “Buy” and an average target price of $19.25.

Ferroglobe (NASDAQ:GSM) traded down $0.73 during mid-day trading on Tuesday, hitting $16.59. 693,453 shares of the stock traded hands, compared to its average volume of 786,461. Ferroglobe has a 12-month low of $8.54 and a 12-month high of $17.61. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.

Ferroglobe (NASDAQ:GSM) last announced its earnings results on Monday, November 27th. The basic materials company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The business had revenue of $451.60 million during the quarter, compared to the consensus estimate of $435.15 million. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. research analysts predict that Ferroglobe will post 0.13 EPS for the current year.

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About Ferroglobe

Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.

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