Ferroglobe PLC (GSM) Receives Consensus Rating of “Hold” from Analysts

Shares of Ferroglobe PLC (NASDAQ:GSM) have been given a consensus rating of “Hold” by the seven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.33.

GSM has been the subject of a number of analyst reports. BidaskClub lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Jefferies Group set a $18.00 price objective on shares of Ferroglobe and gave the company a “buy” rating in a report on Tuesday, November 28th. Stifel Nicolaus upped their price objective on shares of Ferroglobe from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, October 26th. B. Riley reissued a “buy” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Ferroglobe in a report on Wednesday, November 22nd. Finally, Zacks Investment Research lowered shares of Ferroglobe from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 30th.

Shares of Ferroglobe (NASDAQ:GSM) traded down $0.12 during midday trading on Tuesday, hitting $15.55. 306,361 shares of the stock were exchanged, compared to its average volume of 469,485. The firm has a market capitalization of $2,670.00, a PE ratio of -10.87 and a beta of 1.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.09. Ferroglobe has a 1-year low of $8.54 and a 1-year high of $17.61.

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

A number of hedge funds have recently made changes to their positions in GSM. California Public Employees Retirement System boosted its stake in Ferroglobe by 2.2% during the second quarter. California Public Employees Retirement System now owns 432,100 shares of the basic materials company’s stock worth $5,164,000 after buying an additional 9,400 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ferroglobe by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,139,899 shares of the basic materials company’s stock valued at $49,471,000 after purchasing an additional 589,969 shares during the period. Stifel Financial Corp boosted its stake in shares of Ferroglobe by 17.1% in the second quarter. Stifel Financial Corp now owns 128,046 shares of the basic materials company’s stock valued at $1,531,000 after purchasing an additional 18,663 shares during the period. HighTower Advisors LLC raised its holdings in Ferroglobe by 0.4% in the second quarter. HighTower Advisors LLC now owns 41,492 shares of the basic materials company’s stock valued at $498,000 after acquiring an additional 150 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Ferroglobe by 335.4% in the second quarter. Goldman Sachs Group Inc. now owns 546,437 shares of the basic materials company’s stock valued at $6,530,000 after acquiring an additional 420,922 shares in the last quarter. 39.42% of the stock is owned by institutional investors.

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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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