Ferroglobe PLC (NASDAQ:GSM)‘s stock had its “positive” rating reiterated by stock analysts at Jefferies Group LLC in a report released on Friday, The Fly reports. They presently have a $17.00 price target on the basic materials company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 31.07% from the stock’s current price.

GSM has been the subject of a number of other research reports. TheStreet lowered Ferroglobe PLC from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Zacks Investment Research raised Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, July 12th. BidaskClub raised Ferroglobe PLC from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. ValuEngine raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, B. Riley reissued a “buy” rating and issued a $14.25 price target on shares of Ferroglobe PLC in a report on Sunday, May 28th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.88.

Ferroglobe PLC (NASDAQ:GSM) opened at 12.97 on Friday. The stock has a 50 day moving average price of $12.64 and a 200 day moving average price of $10.95. Ferroglobe PLC has a 52 week low of $7.67 and a 52 week high of $13.47. The stock’s market cap is $2.23 billion.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Ferroglobe PLC during the fourth quarter worth approximately $10,596,000. Independent Portfolio Consultants Inc. increased its position in shares of Ferroglobe PLC by 1.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 18,810 shares of the basic materials company’s stock worth $194,000 after buying an additional 255 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Ferroglobe PLC by 7.6% in the first quarter. First Mercantile Trust Co. now owns 53,187 shares of the basic materials company’s stock worth $549,000 after buying an additional 3,751 shares in the last quarter. Granite Investment Partners LLC increased its position in shares of Ferroglobe PLC by 10.1% in the first quarter. Granite Investment Partners LLC now owns 1,138,417 shares of the basic materials company’s stock worth $11,760,000 after buying an additional 104,805 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Ferroglobe PLC by 617.7% in the first quarter. Russell Investments Group Ltd. now owns 1,029,063 shares of the basic materials company’s stock worth $10,630,000 after buying an additional 885,677 shares in the last quarter. 40.94% of the stock is owned by hedge funds and other institutional investors.

About Ferroglobe PLC

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.

The Fly

Analyst Recommendations for Ferroglobe PLC (NASDAQ:GSM)

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