Brokerages Set Globe Specialty Metals Inc. (GSM) PT at $12.65
Globe Specialty Metals Inc. (NASDAQ:GSM) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the stock. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.65.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Globe Specialty Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Jefferies Group set a $11.00 target price on shares of Globe Specialty Metals and gave the company a “buy” rating in a research note on Monday, August 29th. Stifel Nicolaus lowered their target price on shares of Globe Specialty Metals from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 29th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $12.00 target price (down from $14.00) on shares of Globe Specialty Metals in a research note on Monday, August 29th. Finally, Robert W. Baird raised shares of Globe Specialty Metals from a “neutral” rating to a “buy” rating in a research note on Monday, September 19th.
Shares of Globe Specialty Metals (NASDAQ:GSM) opened at 9.13 on Thursday. Globe Specialty Metals has a 1-year low of $6.90 and a 1-year high of $14.26. The stock has a 50 day moving average of $8.71 and a 200-day moving average of $9.03. The company’s market capitalization is $1.57 billion.
Globe Specialty Metals (NASDAQ:GSM) last announced its quarterly earnings results on Friday, August 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.03. Analysts forecast that Globe Specialty Metals will post ($0.09) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Monday, September 12th.
About Globe Specialty Metals
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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