Globe Specialty Metals Inc. (GSM) Upgraded by Robert W. Baird to “Buy”
Several other research analysts have also weighed in on GSM. Jefferies Group set a $11.00 target price on Globe Specialty Metals and gave the stock a buy rating in a research report on Monday, August 29th. B. Riley reaffirmed a buy rating and issued a $12.50 target price on shares of Globe Specialty Metals in a research report on Wednesday, May 25th. Stifel Nicolaus cut their target price on Globe Specialty Metals from $17.00 to $16.00 and set a buy rating on the stock in a research report on Monday, August 29th. Zacks Investment Research raised Globe Specialty Metals from a sell rating to a hold rating in a research report on Tuesday, September 13th. Finally, 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 report on Monday, August 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Globe Specialty Metals currently has an average rating of Buy and an average price target of $12.38.
Shares of Globe Specialty Metals (NASDAQ:GSM) opened at 8.49 on Monday. The stock’s market capitalization is $1.46 billion. Globe Specialty Metals has a one year low of $6.90 and a one year high of $14.48. The firm has a 50 day moving average price of $8.93 and a 200 day moving average price of $9.05.
Globe Specialty Metals (NASDAQ:GSM) last issued its quarterly earnings results on Friday, August 26th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.03. Analysts predict that Globe Specialty Metals will post ($0.09) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 12th. This represents a $0.32 annualized dividend and a yield of 3.77%.
Globe Specialty Metals Company Profile
Ferroglobe PLC, formerly VeloNewco Ltd, is a United Kingdom-based company. The Company is engaged in the production of silicon metals and alloys.
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