Shares of Ferroglobe PLC (NASDAQ:GSM) hit a new 52-week high on Friday . The company traded as high as $14.13 and last traded at $14.08, with a volume of 459,514 shares changing hands. The stock had previously closed at $13.49.

A number of analysts have recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and issued a $16.75 target price (down from $17.00) on shares of Ferroglobe PLC in a research note on Thursday. Zacks Investment Research upgraded Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, July 12th. BidaskClub upgraded Ferroglobe PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. B. Riley reiterated a “buy” rating and issued a $14.25 price objective on shares of Ferroglobe PLC in a research report on Tuesday, May 23rd. Finally, ValuEngine upgraded Ferroglobe PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Ferroglobe PLC presently has an average rating of “Buy” and a consensus target price of $14.44.

The stock has a 50-day moving average of $13.04 and a 200-day moving average of $11.10. The company’s market capitalization is $2.45 billion.

Large investors have recently added to or reduced their stakes in the company. Boston Partners boosted its stake in Ferroglobe PLC by 8.3% in the second quarter. Boston Partners now owns 4,335,985 shares of the basic materials company’s stock valued at $51,814,000 after buying an additional 333,141 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in Ferroglobe PLC by 9.4% in the first quarter. Frontier Capital Management Co. LLC now owns 4,192,298 shares of the basic materials company’s stock valued at $43,306,000 after buying an additional 358,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ferroglobe PLC 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 buying an additional 589,969 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Ferroglobe PLC by 15.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 3,222,024 shares of the basic materials company’s stock worth $27,493,000 after buying an additional 431,473 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of Ferroglobe PLC by 684.5% in the second quarter. Deprince Race & Zollo Inc. now owns 2,693,853 shares of the basic materials company’s stock worth $32,192,000 after buying an additional 2,350,450 shares during the period. 37.82% of the stock is owned by institutional investors and hedge funds.

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Ferroglobe PLC Company Profile

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.