BidaskClub upgraded shares of Ferroglobe (NASDAQ:GSM) from a sell rating to a hold rating in a research note published on Tuesday morning.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus upped their price target on Ferroglobe from $19.00 to $22.00 and gave the stock a buy rating in a report on Thursday, October 26th. B. Riley restated a buy rating and set a $20.00 price target (up previously from $16.00) on shares of Ferroglobe in a report on Wednesday, November 22nd. Zacks Investment Research downgraded Ferroglobe from a buy rating to a hold rating in a report on Wednesday, October 18th. Jefferies Group set a $18.00 price target on Ferroglobe and gave the stock a buy rating in a report on Tuesday, November 28th. Finally, ValuEngine downgraded Ferroglobe from a hold rating to a sell rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $19.25.

Shares of Ferroglobe (NASDAQ GSM) opened at $15.47 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2,577.57, a price-to-earnings ratio of -57.29 and a beta of 1.54. Ferroglobe has a 1-year low of $8.54 and a 1-year high of $17.61.

Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Monday, November 27th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Ferroglobe had a negative return on equity of 0.75% and a negative net margin of 2.84%. The firm had revenue of $451.60 million for the quarter, compared to the consensus estimate of $435.15 million. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. research analysts forecast that Ferroglobe will post 0.13 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of GSM. California Public Employees Retirement System boosted its position in shares of Ferroglobe by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 432,100 shares of the basic materials company’s stock worth $5,164,000 after acquiring an additional 9,400 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ferroglobe by 16.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,139,899 shares of the basic materials company’s stock worth $49,471,000 after acquiring an additional 589,969 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Ferroglobe by 17.1% during the 2nd quarter. Stifel Financial Corp now owns 128,046 shares of the basic materials company’s stock worth $1,531,000 after acquiring an additional 18,663 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Ferroglobe by 0.4% during the 2nd quarter. HighTower Advisors LLC now owns 41,492 shares of the basic materials company’s stock worth $498,000 after acquiring an additional 150 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Ferroglobe by 335.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 546,437 shares of the basic materials company’s stock worth $6,530,000 after acquiring an additional 420,922 shares in the last quarter. Institutional investors own 39.42% of the company’s stock.

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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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