Wall Street analysts forecast that Ferroglobe PLC (NASDAQ:GSM) will report $426.84 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Ferroglobe PLC’s earnings, with the lowest sales estimate coming in at $405.85 million and the highest estimate coming in at $442.00 million. Ferroglobe PLC reported sales of $364.73 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17%. The business is scheduled to report its next quarterly earnings report on Monday, November 13th.

On average, analysts expect that Ferroglobe PLC will report full-year sales of $426.84 million for the current year, with estimates ranging from $1.65 billion to $1.71 billion. For the next year, analysts expect that the firm will report sales of $1.96 billion per share, with estimates ranging from $1.86 billion to $2.09 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Ferroglobe PLC.

GSM has been the subject of several recent research reports. Jefferies Group LLC reissued a “positive” rating and issued a $17.00 price target (up from $12.00) on shares of Ferroglobe PLC in a research report on Friday, August 18th. B. Riley reissued a “buy” rating and issued a $16.00 price target (up from $14.25) on shares of Ferroglobe PLC in a research report on Tuesday, August 29th. 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 research report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating on shares of Ferroglobe PLC in a research report on Sunday, September 3rd. Finally, BidaskClub raised Ferroglobe PLC from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $15.40.

Shares of Ferroglobe PLC (NASDAQ:GSM) opened at 14.76 on Friday. Ferroglobe PLC has a 1-year low of $8.54 and a 1-year high of $15.09. The stock has a 50 day moving average price of $13.38 and a 200-day moving average price of $11.54. The stock’s market capitalization is $2.54 billion.

Hedge funds have recently made changes to their positions in the stock. Hosking Partners LLP grew its stake in Ferroglobe PLC by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 450,794 shares of the basic materials company’s stock worth $5,387,000 after buying an additional 7,283 shares during the last quarter. Comerica Bank purchased a new position in Ferroglobe PLC during the 2nd quarter worth $2,899,000. Geode Capital Management LLC grew its stake in Ferroglobe PLC by 5.3% during the 1st quarter. Geode Capital Management LLC now owns 149,294 shares of the basic materials company’s stock worth $1,542,000 after buying an additional 7,523 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in Ferroglobe PLC during the 2nd quarter worth $2,289,000. Finally, Russell Investments Group Ltd. grew its stake in Ferroglobe PLC by 65.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,705,167 shares of the basic materials company’s stock worth $20,377,000 after buying an additional 676,104 shares during the last quarter. Hedge funds and other institutional investors own 38.50% of the company’s stock.

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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.

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