BidaskClub upgraded shares of Ferroglobe (NASDAQ:GSM) from a hold rating to a buy rating in a report issued on Friday morning.

Several other equities analysts have also commented on GSM. B. Riley reaffirmed a buy rating and issued a $16.00 price objective on shares of Ferroglobe in a research report on Sunday, September 3rd. Stifel Nicolaus set a $19.00 price target on shares of Ferroglobe and gave the stock a buy rating in a research report on Friday, October 6th. ValuEngine lowered shares of Ferroglobe from a hold rating to a sell rating in a research report on Friday, December 1st. Jefferies Group reissued a buy rating on shares of Ferroglobe in a research report on Monday, September 18th. Finally, Zacks Investment Research lowered shares of Ferroglobe from a buy rating to a hold rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $19.25.

Shares of Ferroglobe (NASDAQ GSM) opened at $16.60 on Friday. The firm has a market cap of $2,830.00, a PE ratio of -11.61 and a beta of 1.75. 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 announced its quarterly earnings data on Monday, November 27th. The basic materials company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $451.60 million during the quarter, compared to analyst estimates 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 was up 23.8% compared to the same quarter last year. sell-side analysts predict that Ferroglobe will post 0.13 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Ferroglobe by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,249,451 shares of the basic materials company’s stock valued at $55,922,000 after acquiring an additional 109,552 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Ferroglobe by 15.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,222,024 shares of the basic materials company’s stock worth $27,493,000 after purchasing an additional 431,473 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in Ferroglobe by 0.3% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,701,416 shares of the basic materials company’s stock worth $35,551,000 after purchasing an additional 7,563 shares during the last quarter. Penn Capital Management Co. Inc. boosted its stake in Ferroglobe by 24.3% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,078,287 shares of the basic materials company’s stock worth $12,905,000 after purchasing an additional 211,015 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Ferroglobe during the 2nd quarter worth $12,104,000. 36.50% of the stock is currently owned by institutional investors and hedge funds.

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Ferroglobe 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.

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