A number of firms have modified their ratings and price targets on shares of Ferroglobe PLC (NASDAQ: GSM) recently:

  • 9/22/2016 – Ferroglobe PLC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “
  • 9/19/2016 – Ferroglobe PLC was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $10.25 price target on the stock.
  • 9/19/2016 – Ferroglobe PLC was upgraded by analysts at Robert W. Baird from a “neutral” rating to a “buy” rating.
  • 9/13/2016 – Ferroglobe PLC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “
  • 9/4/2016 – Ferroglobe PLC had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $8.50 price target on the stock.
  • 8/30/2016 – Ferroglobe PLC was downgraded by analysts at B. Riley to a “neutral” rating. They now have a $10.25 price target on the stock.
  • 8/29/2016 – Ferroglobe PLC had its price target lowered by analysts at Stifel Nicolaus from $17.00 to $16.00. They now have a “buy” rating on the stock.
  • 8/29/2016 – Ferroglobe PLC had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $12.00 price target on the stock, down previously from $14.00.
  • 8/29/2016 – Ferroglobe PLC was given a new $11.00 price target on by analysts at Jefferies Group. They now have a “buy” rating on the stock.
  • 8/29/2016 – Ferroglobe PLC was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “
  • 8/25/2016 – Ferroglobe PLC was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $10.25 price target on the stock, down previously from $12.50.

Ferroglobe PLC (NASDAQ:GSM) opened at 9.07 on Friday. Ferroglobe PLC has a 52-week low of $6.90 and a 52-week high of $14.48. The stock has a 50 day moving average price of $8.91 and a 200 day moving average price of $9.05. The stock’s market cap is $1.56 billion.

Ferroglobe PLC (NASDAQ:GSM) last posted its quarterly earnings data on Friday, August 26th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.03. On average, equities research analysts forecast that Ferroglobe PLC will post ($0.09) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.53%. The ex-dividend date is Monday, September 12th.

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.

5 Day Chart for NASDAQ:GSM

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