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

GSM has been the topic of a number of other research reports. Jefferies Financial Group set a $10.00 price target on Ferroglobe and gave the company a buy rating in a research report on Thursday, August 16th. Zacks Investment Research upgraded Ferroglobe from a sell rating to a hold rating in a research report on Tuesday, May 29th. ValuEngine downgraded Ferroglobe from a sell rating to a strong sell rating in a research report on Friday, June 15th. Stifel Nicolaus lowered their price target on Ferroglobe from $19.00 to $13.00 and set a buy rating on the stock in a research report on Friday, July 13th. Finally, TheStreet downgraded Ferroglobe from a c- rating to a d+ rating in a research report on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Ferroglobe presently has an average rating of Hold and a consensus price target of $15.33.

NASDAQ GSM opened at $8.25 on Friday. Ferroglobe has a twelve month low of $6.75 and a twelve month high of $17.61. The company has a current ratio of 1.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 63.46 and a beta of 1.62.

Ferroglobe (NASDAQ:GSM) last released its quarterly earnings results on Tuesday, August 21st. The basic materials company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.05). Ferroglobe had a net margin of 6.44% and a return on equity of 8.53%. The firm had revenue of $583.00 million for the quarter, compared to analysts’ expectations of $608.91 million. During the same quarter in the previous year, the business earned $0.05 EPS. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. analysts predict that Ferroglobe will post 0.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Wednesday, September 5th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 4th. This represents a $0.24 annualized dividend and a dividend yield of 2.91%. Ferroglobe’s dividend payout ratio is currently 184.62%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSM. Bayesian Capital Management LP purchased a new position in shares of Ferroglobe in the first quarter worth about $110,000. Clinton Group Inc. purchased a new position in shares of Ferroglobe in the first quarter worth about $116,000. Stevens Capital Management LP purchased a new position in shares of Ferroglobe in the second quarter worth about $118,000. Trexquant Investment LP purchased a new position in shares of Ferroglobe in the first quarter worth about $125,000. Finally, Paloma Partners Management Co purchased a new position in shares of Ferroglobe in the second quarter worth about $161,000. Hedge funds and other institutional investors own 41.29% of the company’s stock.

Ferroglobe Company Profile

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.

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Analyst Recommendations for Ferroglobe (NASDAQ:GSM)

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