A number of firms have modified their ratings and price targets on shares of Ferroglobe (NASDAQ: GSM) recently:

  • 12/6/2017 – Ferroglobe was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 12/1/2017 – Ferroglobe was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/30/2017 – Ferroglobe was given a new $23.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 11/29/2017 – Ferroglobe had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $20.00 price target on the stock, up previously from $16.00.
  • 11/28/2017 – Ferroglobe was given a new $18.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 11/22/2017 – Ferroglobe had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $20.00 price target on the stock, up previously from $16.00.
  • 10/26/2017 – Ferroglobe had its price target raised by analysts at Stifel Nicolaus from $19.00 to $22.00. They now have a “buy” rating on the stock.
  • 10/20/2017 – Ferroglobe was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/18/2017 – Ferroglobe was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “

Ferroglobe PLC (NASDAQ GSM) traded down $0.73 during midday trading on Wednesday, hitting $16.59. The stock had a trading volume of 693,400 shares, compared to its average volume of 786,461. Ferroglobe PLC has a one year low of $8.54 and a one year high of $17.61. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.

Ferroglobe (NASDAQ:GSM) last released its earnings results 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 company had revenue of $451.60 million during the quarter, compared to analysts’ expectations of $435.15 million. Ferroglobe had a negative return on equity of 0.75% and a negative net margin of 2.84%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. equities research analysts expect that Ferroglobe PLC will post 0.13 EPS for the current year.

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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